Reading Time: 1 minutes
ReneSola, a globally reputed Solar PV Module manufacturer today announced that it has signed a USD 100 Million strategic investment agreement with Zhongnan Industry (a subsidiary of Zhongnan Holding Group).
The announcement was made on Tuesday, Mar 31st at the official signing ceremony of the Supply Chain Cooperation agreement between ReneSola Yixing Co. Ltd. and Zhongnan Industry (a subsidiary of Zhongnan Holding Group) which was held in Yixing city in China. The agreement is being termed as a WIN-WIN deal for both the organizations.
According to the agreement, Zhongnan Industry will invest USD 100 Million to strengthen ReneSola’s solar PV module manufacturing supply chain. The Supply Chain cooperation is all set to begin from April 1st 2020.
Keeping their best interests intact and with parties’ clear growth ambitions, the two parties have established strategic cooperative relations through friendly negotiations. The advantages for both the parties are integrated, and the market will be jointly developed by both the parties in order to maximize the use of resources.
Mr. Sky Wang (CEO, ReneSola Yixing Co. Ltd.) mentioned that “this strategic partnership with Zhongnan Holding Group will add value to our supply chain and enhance our production capacities while allowing us to focus more on the technological advancement in the solutions we provide to our valuable customers.”
Mr. Zheng Lei (CEO, Zhongnan Industry, a subsidiary of Zhongnan Holding Group) mentioned that” we have confidence that this cooperation with ReneSola, a leading company of solar industry, will bring both of us a brighter future.”