SOLA Renesola

    RENESOLA LTD                                  

             PRODUCTION CAPACITY EXPANSION AND DIRECTORATE CHANGES             

ReneSola Ltd ("ReneSola" or the "Company") (AIM: SOLA), a leading manufacturer
of silicon wafers for the photovoltaic industry, is pleased to provide an
update on its 2007 production capacity expansion plan and the appointment of a
new Non-Executive Chairman and Chief Technical Officer.

2007 Production Capacity Expansion

The planned expansion of the Company's production capacity has been revised
from 125 MW by the end of 2007 to a target of 180 MW to address the strong
market demand for solar wafers. To supplement ReneSola's existing 90
monocrystalline furnaces, it is planned that 100 MW of new production capacity
will be provided by multicrystalline furnaces. The Company will then have a
balanced product output to better meet the market demand. In tandem with the
capacity increase, the Company plans to install an additional 24 wire saws to
slice the ingots from the increased production capacity into wafers. The
capacity expansion will be financed through a combination of the proceeds of
the Company's recent flotation and operating cash flow.

Appointments

As a result of the planned expansion, Professor Huang Binghua, who has
extensive experience of multicrystalline technology, has resigned as
Non-Executive Chairman of the Company and the head of the Remuneration
Committee of the Board in order to take up a full-time, executive Board
position as Chief Technical Officer with effect from 29 November 2006. Mr.
Martin Bloom, previously a Non-Executive Director, has been appointed
Non-Executive Chairman.

Dr. Tao Ying, currently Chief Technical Officer of the Company, will become a
consultant to the Company with a focus on monocrystalline technology
development and production, also with effect from 29 November 2006.

Professor Wang Jing, a Non-Executive Director and the head of the Audit
Committee, has been appointed head of the Remuneration Committee.

For further information, please contact:

In China:

Charles Bai, CFO

ReneSola Ltd

Tel: +86 573 477 3061

Email: charles.bai@renesola.com

In the UK:

Charles Ryland/Suzanne Brocks/Catherine Breen

Buchanan Communications

Tel: +44 20 7466 5000

Tim Feather

Hanson Westhouse LLP

Tel: +44 113 246 2610

Email: tim.feather@hansonwesthouse.com



END

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