SOLA Renesola

    ReneSola Ltd Files Registration Statement                   

              for Follow-on Public Offering in the United States               

ReneSola Ltd ("ReneSola" or the "Company"), a leading Chinese manufacturer of
solar wafers for the photovoltaic industry, announces that on 30 May 2008, the
Company filed a registration statement on Form F-1 (the "F-1 Registration
Statement") with the U.S. Securities and Exchange Commission relating to a
follow-on public offering (the "Offering") of 9,000,000 American Depositary
Shares ("ADSs") in the United States. Each ADS represents two shares of the
Company.

The ADSs to be sold in the Offering are expected to be listed on The New York
Stock Exchange. The Company will also make application for the shares
represented by the ADSs to be sold in the Offering to be admitted to trading on
the AIM market of the London Stock Exchange ("AIM").

The Company expects to sell 8,149,437 ADSs in the Offering and certain selling
shareholders (the "Selling Shareholders") expect to sell 850,563 ADSs. In
addition, the Company and the Selling Shareholders have granted the
underwriters an option to purchase up to 595,437 and 754,563 additional ADSs
respectively within 30 days of the closing of the Offering to cover
over-allotments. Further details of the Selling Shareholders are set out in the
Appendix to this announcement.

The Company intends to use the net proceeds of the Offering for the following
purposes:

  * approximately US$70 million to expand its solar wafer manufacturing
    facilities and purchase additional equipment for its wafer capacity
    expansion plan in 2008 and 2009;
   
  * approximately US$100 million to invest in polysilicon manufacturing
    production in 2008 and 2009; and
   
  * the remaining amount for other general corporate purposes.
   
Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are joint
bookrunners for the Offering. The Company's F-1 Registration Statement is
available from the SEC website at: http://www.sec.gov/Archives/edgar/data/
1417892/000119312508125810/0001193125-08-125810-index.htm. The Offering will be
made only by means of a prospectus.

This press release is not an offer of securities of ReneSola for sale in the
United States. Securities may not be offered or sold in the United States
absent registration or an exemption from registration. Any public offering of
securities 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 issuer and its management, as well as financial statements. ReneSola is in
the process of registering the public offering in the United States.

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:

Tim Feather/Richard Baty

Hanson Westhouse Limited

Tel: +44 113 246 2610

Email: tim.feather@hansonwesthouse.com

Appendix

Details of the Selling Shareholders

The Selling Shareholders expect to sell a total of 850,563 ADSs, representing
1,701,126 shares, in the Offering. In addition, the Selling Shareholders have
granted the underwriters an option to purchase up to a further 754,563 ADSs
within 30 days of the closing of the Offering.

The Selling Shareholders are all directors or executive officers of the Company
or Zhejiang Yuhui Solar Energy Source Co. Ltd ("Zhejiang Yuhui"), the Company's
principal trading subsidiary. The number of shares expected to be sold by each
of the Selling Shareholders in the Offering, before any exercise of the
over-allotment option, is as follows:

Name                                                   Shares held beneficially
                                                        expected to sold in the
                                                                       Offering
                                                                               
Xianshou Li (Director and Chief Executive Officer) of                   597,210
ReneSola (1)                                                                   
                                                                               
Yuncai Wu (Director and Vice President of ReneSola)                     262,312
(2)                                                                            
                                                                               
Zhengmin Lian (Director of Zhejiang Yuhui) (1)                          334,119
                                                                               
Xiangjun Dong (Director of Zhejiang Yuhui) (3)                          261,485
                                                                               
Charles Bai (Chief Financial Officer of ReneSola)                       120,000
                                                                               
Binghua Huang (Director and Chief Technology Officer                     10,000
of ReneSola)                                                                   
                                                                               
Cheng-Hsien Yeh (Chief Operating Officer of ReneSola)                    20,000
                                                                               
Panjian Li (Chief Strategy Officer of ReneSola)                          96,000
                                                                               
Total                                                                 1,701,126

(1) The shares held beneficially and expected to be sold in the Offering are
held though Ruixin Holdings Limited.

(2) The shares held beneficially and expected to be sold in the Offering are
held though Yuncai Holdings Limited.

(3) The shares held beneficially and expected to be sold in the Offering are
held though Ruixin Holdings Limited and Yuncai Holdings Limited.



END

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