Partnership pairs largest U.S. solar panel manufacturer with leading solar developer-installer
SolarWorld, the largest U.S. solar manufacturer, and RGS Energy (NASDAQ: RGSE), a nationwide provider of turnkey solar energy solutions for residential, commercial and utility customers, have signed a supply agreement that aligns the two leading founders of U.S. solar industry. Both companies have operated in the U.S. solar industry for nearly 40 years.
SolarWorld will supply its high-power, all-black solar panels to RGS Energy for installations nationwide beginning in July. The solar panels will be made by SolarWorld's state-of-the-art manufacturing facility in Hillsboro, Ore., the largest solar plant in the Western Hemisphere.
"This new supplier agreement brings together America's largest solar panel manufacturer with one of its most well-established and respected solar developers and installers," said Mukesh Dulani, U.S. president of SolarWorld. "This new partnership furthers SolarWorld's strategy of incrementally growing our business in the U.S. market through multiple channels, and we look forward to ensuring that more and more Americans have access to high-quality, high-power solar technology."
Kam Mofid, chief executive officer of RGS Energy, commented: "Through this new partnership with SolarWorld, we'll be able to offer our customers more domestically produced products of outstanding quality and performance as well as mitigate exposure to recently imposed import tariffs. We both have a long history of commitment to the U.S. solar market, which aligns well with the accelerating adoption of solar energy across the country."
SolarWorld and RGS Energy roots can be traced back to the beginning of the commercial solar industry in the 1970s. SolarWorld's U.S. production dates back to 1975; over the next nearly 40 years, the company's operations set many major industry milestones, including the world's first UL listing of a solar panel and first 25-year warranty. In 1978, RGS Energy was one of the first companies to sell solar panels to the public. Since then, RGS Energy has installed more than 22,500 solar energy systems for homes, businesses, schools, government facilities and utilities totaling more than 235 megawatts of clean solar power.
