Astronergy, Solco in exclusive agreement

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

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

Solco will distribute Astronergy's entire line of solar products, including monocrystalline 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 sales channels in the region have already made their impact on the companies' joint effort. It is expected that this year's shipment volume will double the original amount outlined in the contract.

Founded in 1989 and listed on the Australian Stock Exchange with offices and distribution centers across Australia, Solco is a well established and rapidly expanding solar systems design, supply and installation service company.

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

"We expect that Solco will be able to achieve even greater successes in local 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 the cornerstone in securing a reliable supply of quality solar panels for its customers throughout Oceania.

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

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