SOLA Renesola

    RENESOLA LTD                                  

                                TRADING UPDATE                                 

ReneSola Ltd ("ReneSola" or the "Company") (AIM: SOLA), a leading manufacturer
of solar wafers for the photovoltaic ("PV") industry, is pleased to announce an
update on the signing of sales, tolling production and raw material supply
contracts.

ReneSola has signed a long term sales contract with JA Solar Holdings Co. Ltd.
("JA Solar") to supply 600MW of wafers over five years commencing in the second
half of 2008. This contract is in addition to the 60MW wafer sales contract
announced in August 2007.

In addition the Company has signed tolling production contracts with leading
global PV companies for the processing of an additional 500 tonnes of
polysilicon to be delivered in 2008. The Company has also entered into
contracts to procure over 1,000 tonnes of feedstock for 2008.

Mr. Xian Shou Li, Chief Executive Officer, commented: "We are pleased to
further strengthen our existing relationship with JA Solar, a leading global
solar cell manufacturer, through entering a major wafer sales contract.

"Together with the tolling contracts, this demonstrates the confidence of our
customers both in our ability to execute our aggressive growth plan as well as
in the quality of our products. The additional feedstock supplies secured will
help us to achieve the growth plan for 2008."

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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