SOLA Renesola

    RENESOLA LTD                                  

                         POLYSILICON SUPPLY AGREEMENT                          

ReneSola Ltd ("ReneSola" or the "Company") (AIM: SOLA), a leading manufacturer
of silicon wafers for the photovoltaic industry, is pleased to announce that it
has entered into an agreement with Sichuan Yongxiang Polysilicon Co. Ltd.
("Yongxiang Polysilicon").

Under the agreement, Yongxiang Polysilicon has committed to supply a total of
3,700 tonnes of virgin polysilicon, which is sufficient for approximately 450MW
of wafer production, over a three year period commencing in the second half of
2008.

The polysilicon will be manufactured at Yongxiang Polysilicon's facility in
Sichuan Province, China, which is expected to be fully commissioned during the
second half of 2008.

Mr. Xian Shou Li, Chief Executive Officer of ReneSola, said, "This agreement
demonstrates our ability to continue to secure feedstock despite the industry
shortage and is an important step in our polysilicon procurement strategy. The
polysilicon from Yongxiang Polysilicon will supplement the supply from our
polysilicon joint venture announced at the time of the second quarter results
and our supply from other sources."

For further information, please contact:

In China:

Charles Bai, CFO
ReneSola Ltd
Tel: +86 573 8477 3061, +86 573 8477 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: +44 113 246 2610
Email: tim.feather@hansonwesthouse.com



END

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