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Carbon Market

ReneSola to lower costs by producing own cutting wire and furnaces


ReneSola Ltd. has begun producing its own steel wire for slicing solar wafers and casting furnaces to make them in an effort they claim is more cost effective than buying the equipment from outside suppliers.

The company has begun trial production of their in-house steel wire and expects a capacity of 8,400 metric tons a year of by the end of 2011.

ReneSola also developed a new generation of casting furnaces with a capacity of 650 kilograms and annual output of 8 megawatts, compared with about 6 megawatts for its current ovens. The new furnace is expected to replace all current casting furnaces by the end of 2011.

Based in China, ReneSola is a global manufacturer of solar wafers traded on the New York Stock Exchange (NYSE: SOL). - O. M. Bayani




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