SOLA Renesola

    RENESOLA LTD                                  

                     COMPLETION OF CONVERTIBLE BOND ISSUE                      

The Directors of ReneSola Ltd (the "Company") (AIM: SOLA) are pleased to
announce that the Company has today completed the issue of RMB 928,700,000
(approximately US$120 million) US dollar-settled 1.00 per cent. Convertible
Bonds due 2012 (the "Offering"), which was announced on 21 March 2007. Deutsche
Bank AG, Hong Kong Branch was the placing agent for this Offering. The Company
intends to use the net proceeds from the Offering for capital expenditure,
working capital and general corporate purposes.

ReneSola Ltd                            Deutsche Bank AG    
Charles Bai, CFO                        Rowena Chu, Managing Director 
Tel: +86 573 477 3061                   Head of Equity Capital Markets, Asia   
Email: charles.bai@renesola.com         Tel: +852 2203 8989                    

                                                                               
Hanson Westhouse Limited                Buchanan Communications                      
Tim Feather                             Charles Ryland/Suzanne Brocks/Catherine
Tel: +44 113 246 2610                   Breen        
                                        Tel: +44 20 7466 5000                  

This announcement does not constitute an offer to sell, or the solicitation of
an offer to buy, any security and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

This announcement is not an offer of securities for sale in the United States.
The securities referred to herein may not be offered or sold in the United
States absent registration or an exemption from registration requirements under
the U.S. Securities Act of 1933. Any public offering of the securities to be
made in the United States will be made by means of a prospectus that may be
obtained from the issuer and that will contain detailed information about the
company and management, as well as financial statements.

This announcement is directed only at persons in member states of the European
Economic Area who are qualified investors within the meaning of Article 2(1)(e)
of the Prospectus Directive (2003/7/EC) ("Qualified Investors"). This
announcement is only directed at (i) persons who are outside the United Kingdom
or (ii) investment professionals falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or
(iii) high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together with Qualified Investors being referred to as "relevant
persons"). The securities are only available to, and any invitation, offer or
agreement to subscribe, purchase of otherwise acquire such securities will be
engaged in only with, relevant persons. Any person who is not a relevant person
should not act or rely on this announcement or any of its contents.

HK29845.1



END

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