SOLA Renesola

    RENESOLA LTD                                  

                                TRADING UPDATE                                 

ReneSola Ltd (the "Company") (AIM: SOLA), a leading manufacturer of silicon
wafers for the photovoltaic industry, announces an update on current trading.

Production output and monocrystalline furnace modifications

In April ReneSola indicated planned production output of 25 MW in the second
quarter, increasing from 15.3 MW in the first quarter. The Company now
announces that production for the second quarter was approximately 23 MW.

The primary reason for the modest shortfall is the effect of modification work
carried out on some of ReneSola's monocrystalline furnaces during the second
quarter. The modifications have been made to provide ReneSola with the ability
to manufacture larger wafers of 156mm x 156mm in addition to the standard 125mm
x 125mm wafers for which the furnaces were initially designed. Whilst the
market for 125mm x 125mm wafers remains strong, ReneSola has noted recent
increasing demand for 156mm x 156mm wafers. Having completed this work,
ReneSola has started manufacturing the larger wafers. ReneSola may modify
further monocrystalline furnaces in the future if demand for 156mm x 156mm
wafers becomes stronger.

The cost of the modifications was not significant, but the furnaces in question
needed to be shut down with a consequent effect on the production output. No
adjustments are required to the Company's wafer slicing equipment.

Producing both sizes of wafers, ReneSola believes it is now better positioned
to serve the requirements of customers and to improve productivity further.

Feedstock procurement

ReneSola continues to expand its raw material supply channels through various
measures including strengthening its ties with a number of leading global
silicon manufacturers. The Company is pleased to announce that it will start
tolling manufacturing equivalent to approximately 10 MW of output during the
third quarter. This represents new tolling production in addition to that
previously disclosed.

New monocrystalline facility

ReneSola is on track to implement its 2007 capacity expansion announced on 7
June 2007. The construction of a new 43,000 m� facility which will house the
new monocrystalline furnaces and related wire saws started in June and is
expected to be completed in December 2007.

Enquiries:

In China:

Charles Bai, CFO

ReneSola Ltd

Tel: +86 573 477 3061, +86 573 477 3058

Email: charles.bai@renesola.com

In the UK:

Charles Ryland/Suzanne Brocks/Catherine Breen

Buchanan Communications

Tel: +44 20 7466 5000

Tim Feather/Richard Baty

Hanson Westhouse Limited

Tel: +44 20 7601 6100

Email: tim.feather@hansonwesthouse.com



END

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