ReneSola Ships 100MW of PV Modules to Australia

Solar photovoltaic module and wafer manufacturer ReneSola (NYSE: SOL  ) announced that it has shipped more than 100 megawatts of PV modules to customers in Australia since January 2012, which have been used by leading solar retailers, distributors, and project developers in a wide range of installations, from domestic rooftops to large-scale commercial applications.

"The number of shipments to Australia has increased substantially in the last year," ReneSola CEO Xianshou Li said. "Since last summer, we have more than doubled our shipments there. This reflects both the pace of the Australian market and our burgeoning solar module business."

Founded in 2005, ReneSola is a leading global manufacturer of high-efficiency solar PV modules and wafers, which uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products.

After running 3% higher yesterday, shares of the solar company closed unchanged at $2.33 per share.

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