Astronergy, Solco in exclusive agreement

Leading Chinese solar company, Astronergy (also known as Chint Solar),has announced an exclusive agreement with Solco Ltd, headquartered inPerth, Western Australia.

Solco will be the exclusivedistributor of Astronergy solar modules for Australia, New Zealand,Papua New Guinea, Nauru, and other Oceania nations, and Astronergy willbe the premier Chinese module supplier to the Australian company.

Solco will distribute Astronergy’s entire line of solar products, includingmonocrystalline solar PV, polycrystalline solar PV, and high- efficiency thin film PV. The high quality modules will be used across the complete range of solar applications including PV systems for residences,government and schools as well as larger scale projects.

Increased demand in the Australian Pacific market and the addition of more saleschannels in the region have already made their impact on the companies’joint effort. It is expected that this year’s shipment volume willdouble the original amount outlined in the contract.

Founded in1989 and listed on the Australian Stock Exchange with offices anddistribution centers across Australia, Solco is a well established andrapidly expanding solar systems design, supply and installation servicecompany.

"With our quality panels reaching more customers in theOceania Region through the trusted solar systems provider Solco, we will have greater access to the developing Oceania market," said AstronergyCEO Dr. Liyou Yang. "This is a win-win situation for both companies."

"We expect that Solco will be able to achieve even greater successes inlocal markets. Astronergy will work hard to foster long-term cooperation with Solco," noted Chief Sales and Marketing Officer, Mr. Alan Yuan.

Solco’s CEO, Mark Norman, believes the partnership with Astronergy will be thecornerstone in securing a reliable supply of quality solar panels forits customers throughout Oceania.

"This agreement with Astronergy will allow us unique access to a growing supply of products from Chinawhich will undoubtedly enhance our operations and future developmentopportunities. We firmly believe this is the opening phase of our strong and expanding relationship with Astronergy and its global parent, theChint Group."

"Astronergy products consistently achieve anexcellent level of quality and performance," said Solco CEO Mark Norman"and we are delighted to announce this Agreement."