Lightway Solar America, Inc., the U.S. subsidiary of Lightway Green New Energy Co., Ltd., has announced the execution of a 16.6 megawatt Supply Agreement with Premier Power Renewable Energy, Inc. Lightway is scheduled to begin delivery of solar panels from Q4 2012 throughout 2013 for projects developed by Premier Power in both the U.S. and European markets.
Lightway Solar America has made tremendous strides by proving to be one of the more aggressive solar panel manufacturers with a willingness to move further downstream into project financing and engineering solutions. In just the last three weeks, Lightway Solar has already announced three separate supply agreements ranging from 12 MW to 22 MW each. Premier Power is a project developer that also specializes in EPC (Engineering, Procurement and Construction), distribution and installation with a proven track record in the three main solar segments of utility, commercial, and agricultural markets.
William Sien, Sr. Director at Lightway Solar America, said: "A critical aspect of creating a sustainable growth model for Lightway Solar is the development of strategic relationships with multi-dimensional players that do not have an over-dependence on any one particular market or rely on one particular area of expertise. We are pleased to partner with Premier Power given their success in building brand name globally through their ability to not only develop, but also finance, engineer and construct projects."
Wei Na, Global Sales and Marketing VP of Lightway Green New Energy, said: "We are pleased with the speed that Lightway Solar America has gained market share in the U.S. through our focus on bankability and financial solutions. In Premier Power, we have a partner that will extend our EPC and project development relationships globally."
Francesco Marangon, CEO of Premier Power Renewable Energy, Inc. said: "As a fully integrated project developer and builder that accepts full responsibility of the engineering, procurement and construction of a project in the United States and Europe, we understand that our investors view quality and bankability of the solar panels as key components. We are pleased to have secured Lightway Solar America as our primary solar panel supplier to ensure the productivity of our long term investments."