ReneSola (SOL) Signs 100MW Virtus Module Deal with BIG SOLAR; Raises FY12 Shipment Guidance

July 13, 2012 9:40 AM EDT
ReneSola Ltd (NYSE: SOL) today announced it has entered into an exclusive distribution agreement to provide 100 MW of the Company's high-efficiency Virtus modules to BIG SOLAR S.A., the biggest Greek stockholder and distributor in the field of photovoltaic systems for electricity production through solar energy.

Under the terms of the agreement, ReneSola will ship a total of 100 MW of high-efficiency Virtus modules in the coming 12 months directly to BIG SOLAR.

The company raised its FY12 shipment guidance from 1.8-2 GW to 2.2-2.4 GW.

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