SOLA Renesola

 
TIDMSOLA 
 
ReneSola Announces 600 MW Solar Module OEM Agreement 
 
    JIASHAN, China, Feb. 11 /PRNewswire-Asia-Firstcall/ -- ReneSola Ltd 
("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global 
manufacturer of solar wafers and provider of solar module original 
equipment manufacturer ("OEM") services, today announced that it has signed 
an OEM agreement to provide 600 megawatts ("MW") of solar modules to a 
major global solar company over a period of three years. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    According to the terms of the contract, ReneSola will provide 200 MW of 
solar modules annually for three years commencing in 2010. 
    "Our first major solar module OEM contract reflects the exceptional 
value inherent in our cost-competitive solar wafer and solar module OEM 
manufacturing platform," said ReneSola's Chief Executive Officer Li 
Xianshou. "Our customers are increasingly recognizing the benefits of 
including our cost-effective solar solutions as important components in 
their production processes. We plan to leverage our module OEM capabilities 
to significantly strengthen and expand customer relationships with key 
industry players and further increase our solar wafer sales. We believe 
this OEM deal underscores our vision to lead the world in solar wafer 
production." 
 
    About ReneSola 
    ReneSola is a leading global manufacturer of solar wafers. Capitalizing 
on economies of scale, low cost production capabilities and technology 
innovations, ReneSola leverages its in-house virgin polysilicon and solar 
cell and module production capabilities to provide its customers with high- 
quality, cost-competitive solar wafer products and solar module OEM 
services. The company possesses a global network of suppliers and customers 
that include some of the leading global manufacturers of solar cells and 
modules. ReneSola's shares are traded on the New York Stock Exchange (NYSE: 
SOL) and the AIM of the London Stock Exchange (AIM: SOLA). 
 
    Safe Harbor Statement 
    This press release contains statements that constitute "forward- 
looking" statements within the meaning of Section 27A of the Securities Act 
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, 
as amended, and as defined in the U.S. Private Securities Litigation Reform 
Act of 1995. Whenever you read a statement that is not simply a statement 
of historical fact (such as when we describe what we "believe," "expect" or 
"anticipate" will occur, what "will" or "could" happen, and other similar 
statements), you must remember that our expectations may not be correct, 
even though we believe that they are reasonable. We do not guarantee that 
the forward-looking statements will happen as described or that they will 
happen at all. Further information regarding risks and uncertainties that 
could cause actual results to differ materially from those in the forward- 
looking statements is included in our filings with the U.S. Securities and 
Exchange Commission, including our annual report on Form 20-F. We undertake 
no obligation, beyond that required by law, to update any forward-looking 
statement to reflect events or circumstances after the date on which the 
statement is made, even though our situation may change in the future. 
 
    For investor and media inquiries, please contact: 
 
    In China: 
 
     Ms. Julia Xu 
     ReneSola Ltd 
     Tel:   +86-573-8477-3372 
     Email: julia.xu@renesola.com 
 
     Mr. Derek Mitchell 
     Ogilvy Financial, Beijing 
     Tel:   +86-10-8520-6284 
     Email: derek.mitchell@ogilvy.com 
 
    In the United States: 
 
     Ms. Jessica Barist Cohen 
     Ogilvy Financial, New York 
     Tel:   +1-646-460-9989 
     Email: jessica.cohen@ogilvypr.com 
 
    In the United Kingdom: 
 
     Mr. Tim Feather / Mr. Richard Baty 
     Westhouse Securities Limited, London 
     Tel:   +44-20-7601-6100 
     Email: tim.feather@westhousesecurities.com 
            richard.baty@westhousesecurities.com 
 
SOURCE  ReneSola Ltd 
 
 
 
 
END 
 

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