Outsourcing

explo

Professional

Posts: 826

Date of registration: Sep 29th 2012

Thanks: 69

Wednesday, April 10th 2013, 3:20pm

Quoted from "solarcat"

Explo, what was the name of the IR person you got the 2GW module capacity from? Cause I'm thinking to fire up an email to them to see if I get the same answer.

If SOL has 2GW in-house module capacity right now, it will be a surprise to a lot of people. That's 500MW modules per quarter without even counting the outsourcing. If that is true, demand for Renesola's Virtus modules has gone off the charts. No marketing in the world can get you recommendations and word of mouth from EPC developers, installers, and users. And IMO, it seems Renesola is getting exactly that.

I don't have the name, just shoot IR an email, their service is excellent.

On the 2 GW I don't think we should think too much of it. As I said the capital expenditure for module equipment is very low, so companies don't really have to have a secured backlog in place to decide to expand this way. Possibly they'll be back half loaded, so 300 MW module per Q 1H and 500 MW per Q 2H, thus 2 GW expansion in case they don't need to outsource after tariff decision. When they file their 20-F they will state their capacity details.