Sydney - Tuesday - August 3:(RWE Aust Business News) - Solco...

Sydney - Tuesday - August 3:(RWE Aust Business News) - Solco Ltd
has secured an exclusive agreement with leading Chinese solar company,
Astronergy (also known as Chint Solar) to be the exclusive
distributor of Astronergy solar modules throughout Australia, New
Zealand, Papua New Guinea, Nauru and other Oceania nations.
With the availability of supply being a major concern for other
players in the solar industry, this deal effectively secures and
underpins Solco's growth and development strategy.
Solco's chief executive officer, Mark Norman believes the
partnership with Astronergy is crucial towards securing a continuous
supply of products for its customers.
"One of the major obstacles concerning the solar industry today
is the availability of a steady supply of high quality solar products,"
said Mr Norman.
"This agreement with Astronergy will allow us to drive revenue
and earnings growth through our unique access to a growing supply of
products from China.
This 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."
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 has already made its impact
on the Companies' joint efforts. It is expected that this year's shipment
volume will double the original amount outlined in the contract.