SOLA Renesola

 
TIDMSOLA 
 
ReneSola Announces Long-term Wafer Supply Agreements Totalling 836 MW 
 
    JIASHAN, China, Aug. 20 /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 
two wafer supply agreements to provide two major Taiwan-listed solar 
companies with approximately 836 MW of monocrystalline and multicrystalline 
solar wafers. 
    (Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030 ) 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
 
    The Company signed a wafer supply agreement with Neo Solar Power Corp 
("NSP"). Under the terms of the contract, ReneSola will supply NSP with 
approximately 293 MW of multicrystalline wafers from July 2010 to December 
2013 and approximately 141 MW of monocrystalline wafers from October 2010 
to December 2013. 
    The Company also signed a wafer supply agreement with Solartech Energy 
Corp ("Solartech Energy"). Under the terms of the contract, ReneSola will 
supply Solartech Energy with approximately 402 MW of multicrystalline 
wafers from July 2010 to December 2013. 
    Mr. Xianshou Li, ReneSola's chief executive officer, commented, "We 
continue to leverage the strength of our core wafer business in securing 
new long-term contracts with key downstream solar companies. Our 
competitively priced and cost-efficient wafers help to attract strategic 
global customers and are an important part of many companies' solar 
solutions. We remain committed to building our core wafer business as we 
strive to be the industry leader in high-quality solar wafers." 
 
    About ReneSola 
    ReneSola is a leading global manufacturer of solar wafers and producer 
of solar power products based in China. Capitalizing on proprietary 
technologies, economies of scale, low-cost production capabilities and 
technological innovations and know-how, 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 OEM services. The Company possesses a global network of 
suppliers and customers that includes 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 the Company describes what it "believes," 
"expects" or "anticipates" will occur, what "will" or "could" happen, and 
other similar statements), you must remember that the Company's 
expectations may not be correct, even though it believes that they are 
reasonable. The Company does 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 the Company's filings with the U.S. Securities 
and Exchange Commission, including the Company's annual report on Form 20-F. 
The Company undertakes 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 the Company's 
situation may change in the future. 
 
    For investor and media inquiries, please contact: 
 
    In China: 
 
     Ms. Feng Qi 
     ReneSola Ltd 
     Tel:   +86-573-8477-3903 
     Email: feng.qi@renesola.com 
 
     Mr. Derek Mitchell 
     Ogilvy Financial, Beijing 
     Tel:   +86-8520-6284 
     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 
 
 
 
END 
 

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