ReneSola & Avenston Sign Partnership Agreement in Ukraine

ReneSola, one of the reputed Solar PV module manufacturer worldwide and Avenston, a reputed & pioneer player in the Solar Industry in Ukraine have signed the long-term partnership agreement for the Ukraine and other nearby countries. According to the Partnership, Avenston will Market & Sell ReneSola’s High Quality & High Efficiency Solar PV Modules in region exclusively and both the companies also agreed to explore other project development related opportunities in the Ukraine at a right time.

ReneSola since its inception in 2005 have supplied more than 20GW of cumulative SPV module capacity worldwide and benefiting a large number of customers ranging from a small rooftop owner in Australia or US to a Large Solar Farm Developer in EU or India. On the other hand, Avenston has its roots in the Ukrainian Solar Industry since 2007 and is one of the most reputed Solar Company in Ukraine. Avenston is a member of Solar Energy Association of Ukraine & Energy Club and is actively involved is the promotion of clean energy in the region.

Ukrainian Solar Market has been grown impressively in the past couple of years. Despite the momentarily political hurdles for the investment of large scale of SPV projects and implementation of Pre PPAs, it is good to see such an enthusiasm in the people of Ukraine towards the promotion of clean energy in the country. We are delighted to have partnered with Avenston for the promotion of our High Quality & High Efficiency Solar PV Modules in the region. Our higher wattage modules will bring down the overall project cost and will add value to the Ukrainian SPV market. We believe that together with Avenston, we will have a good market share in the region” said Mr. Sky Wang, the CEO of ReneSola Yixing Co. Ltd.

According to Dr. Dmytro Lukomskyi, Founder & CEO of Avenston, “The year of 2020 is not an easy one for the solar industry in Ukraine. Retrospective changes in legislation, a Feed-in Tariff decrease, total payments’ delays to green energy manufacturers – Ukraine experiences a crisis of the entire solar power industry. However, as John F. Kennedy said: “In Chinese the word “crisis” consists of two symbols: one means “danger”, and the other means a “chance”.” During the crisis, strong and experienced companies have every opportunity for a big breakthrough and new achievements. These are the main goals of our cooperation. The synergy of the common efforts and similar business values, the symbiosis of experience, deep technical knowledge, expertise and strength of the ReneSola and Avenston brands will certainly lead to successful and outstanding results.”