A deal with South African solar manufacturer Solairedirect is helping ReneSola (SOL +3.2%) tick...

|About: ReneSola Ltd. (SOL)|By:, SA News Editor

A deal with South African solar manufacturer Solairedirect is helping ReneSola (SOL +3.2%) tick higher.  Solairedirect's manufacturing subsidiary has agreed to make 120MW worth of ReneSola-branded solar modules over 3 years, with its parent company having committed to to buying 54MW of them for solar projects. ReneSola adds Solairedirect could make additional modules if it chooses to expand its production capacity. (PR)