The Company just got started manufacturing multicrystalline solar modules in 2008.
Now, it has offices in Germany, Italy, Eastern Europe, on both coasts of the United States and has a 22 percent market share in Australia.
“We were a late player in the solar market,” said Lightway spokesman Gary Dragona.
But the company wasted no time catching up. It announced an agreement with G&S Solar this week to supply the company with 34 megawatts of its solar modules. That’s up from 8 megawatts the companies agreed to at the end of 2011.
The company just opened its U.S. office in Iselin, N.J., at the end of 2010.
Lightway is a China-based manufacturing company growing quickly in the U.S.
“We’re a name-recognized second-tier company,” Dragona said. “But we sold 104 megawatts in December alone.”
That was 104 megawatts in the United States.
Lightway began courting G&S in September and signed its first deal with the company in December for the initial 8 megawatts.
“They’ve been tracking our supply and our efficiency,” Dragona said.
And because the efficiency figures are high, G&S was keen on upping its investment with Lightway.
“We’re really excited about it,” Dragona said.
The company has been building more relationships with U.S. solar companies and is pursuing other supply agreements.
Lightway makes most of its panels in a futuristic science and technology park that spans more than 2.3 million square feet in Gaobeidian, China. It started making panels for Yingli in 2008 there and quickly went on to start its own operation.
Dragona said the company is prepared in the instance that the U.S. Federal Trade Commission should impose a tariff on China-made solar panels after an upcoming hearing on the fairness of the panels and whether or not Chinese government subsidies are responsible for the overseas manufacturers’ abilities to undercut domestic prices.
Lightway has a plant established in Canada, Dragona said.