RGS Energy and SolarWorld, which have both operated in the U.S. solar industry for nearly 40 years, announce a new partnership. Beginning in July, SolarWorld will supply its American-made solar panels to RGS Energy for installations nationwide.
How to ensure a steady supply of American-made panels? You can either buy a manufacturer or make an agreement with one.
RGS Energy (NASDAQ: RGSE), a nationwide provider of turnkey solar energy solutions for residential, commercial, and utility customers, is going the second route. It’s signed a supply agreement with SolarWorld, the largest U.S. solar manufacturer. 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 at SolarWorld’s manufacturing facility in Hillsboro, Oregon, the largest solar plant in the Western Hemisphere.
The agreement is beneficial to both companies. “This new partnership furthers SolarWorld’s strategy of incrementally growing our business in the U.S. market through multiple channels,” said Mukesh Dulani, U.S. president of SolarWorld.
It will not be the first such partnership for SolarWorld, which recently teamed up with PetersenDean in a similar arrangement — noting the demand in the U.S. for American-made panels.
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.”