SOLA Renesola

    RENESOLA LTD                                  

                      2007 PRODUCTION CAPACITY EXPANSION                       

ReneSola Ltd (AIM: SOLA) ("ReneSola" or the "Group"), a leading manufacturer of
wafers for the photovoltaic (PV) industry, is pleased to announce an upgrade to
the planned 2007 year end production capacity.

On 30 November 2006, ReneSola announced that the planned 2007 year end
production capacity had been increased to 265 MW. The Directors are pleased to
announce that due to the continuing strength of the demand for silicon wafers,
the year end target has been raised to 373 MW.

In addition to the existing capacity of 165 MW, the Company plans to add 48 MW
of new monocrystalline capacity during the fourth quarter of 2007, bringing
total monocrystalline capacity to 213 MW.

ReneSola previously planned to add 100 MW of multicrystalline capacity during
the year. A further 60 MW of multicrystalline capacity is targeted during the
third and fourth quarters of 2007, bringing the total multicrystalline
production capacity to 160 MW by the end of 2007.

The Company has signed a contract with ALD Vacuum Technologies GmbH and paid a
deposit for the additional 60 MW of multicrystalline furnaces required for the
revised 2007 plan. The Company has also signed contracts with Meyer Burger AG
and HCT Shaping Systems SA and paid deposits for all the wire saws required for
the production capacity of 2007. Availability of wire saws is currently, and is
expected to continue to be, the major constraint on equipment procurement in
the PV industry.

The expansion plan for 2008 is under review and details will be announced in
due course.

For more information, please contact:

In China:                          In London                                   
                                                                               
Charles Bai, CFO                   Charles Ryland / Suzanne Brocks /           
                                                                               
ReneSola Ltd                       Catherine Breen                             
                                                                               
Tel: +86 573 477 3061 / 00 86 573  Buchanan Communications                     
477 3058                                                                       
                                   Tel: +44 20 7466 5000                       
Email: charles.bai@renesola.com                                                
                                   Tim Feather/Richard Baty                    
                                                                               
                                   Hanson Westhouse Limited                    
                                                                               
                                   Tel: +44 20 7601 6100                       



END

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