SOLA Renesola

 
TIDMSOLA 
 
ReneSola Announces Wafer Supply Agreement With BP Solar 
 
    JIASHAN, China, Jan. 20 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd 
("ReneSola" or the "Company"), a leading Chinese manufacturer of solar 
wafers, today announced that it has signed a one-year wafer supply agreement 
with BP Solar International Inc. ("BP Solar"). Under the terms of the 
contract, ReneSola will supply BP Solar with 120 megawatts ("MW") of 
monocrystalline and multicrystalline solar wafers in 2009 and BP Solar will 
supply 700 metric tonnes of polysilicon to ReneSola. 
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    "We are pleased to extend our relationship with BP Solar, one of the 
world's leading solar companies," commented Mr. Xianshou Li, ReneSola's chief 
executive officer. "This contract demonstrates our continuing efforts to 
strengthen ties with existing global customers and expand our international 
business beyond Asia." 
 
    About ReneSola 
    ReneSola Ltd ("ReneSola") is a leading global manufacturer of solar 
wafers based in China. Capitalizing on proprietary technologies and technical 
know-how, ReneSola manufactures monocrystalline and multicrystalline solar 
wafers. In addition, ReneSola strives to enhance its competitiveness through 
upstream integration into virgin polysilicon manufacturing. ReneSola possesses 
a global network of suppliers and customers that include some of the leading 
global manufacturers of solar cells and modules. ReneSola's shares are 
currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the 
London Stock Exchange (AIM: SOLA). For more information about ReneSola, please 
visit www.renesola.com . 
 
    About BP Solar 
    BP Solar, part of BP Alternative Energy, is a global company with over 
2300 employees. BP Solar designs, manufactures and markets products which use 
the sun's energy to generate electricity for a wide range of applications in 
the residential, commercial and industrial sectors. With over 30 years of 
experience and installations in more than 160 countries, BP Solar is one of 
the world's leading solar companies with solar cell and module manufacturing 
plants in Bangalore, India; Madrid, Spain; and Frederick, MD, USA; and module 
manufacturing in Xi'an, China. In Frederick it also has casting and wafering 
facilities. BP Solar invests more than $10m annually in photovoltaic research 
and development. 
    BP Alternative Energy, launched in November 2005, combines all of BP's 
interests in low and zero-carbon energy including wind, solar, hydrogen power 
with carbon capture and storage and biofuels for low carbon transport and 
distributed energy for emerging markets. 
    BP is one of the world's largest energy companies, with interests in more 
than 100 countries and over 96,000 employees. 
 
    Safe Harbor Statement 
    This press release may contain statements that constitute 
"forward-looking" statements within the meaning of Section 27A of the 
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange 
Act of 1934, as amended, and as defined in the U.S. Private Securities 
Litigation Reform Act of 1995. Whenever you read a statement that is not 
simply a statement of historical fact (such as when we describe what we 
"believe," "expect" or "anticipate" will occur, what "will" or "could" 
happen, and other similar statements), you must remember that our expectations 
may not be correct, even though we believe that they are reasonable. We do not 
guarantee that the forward-looking statements will happen as described or that 
they will happen at all. Further information regarding risks and uncertainties 
that could cause actual results to differ materially from those in the 
forward-looking statements is included in our filings with the U.S. Securities 
and Exchange Commission, including our registration statement on Form F-1. We 
undertake no obligation, beyond that required by law, to update any 
forward-looking statement to reflect events or circumstances after the date on 
which the statement is made, even though our situation may change in the 
future. 
 
    For investor and media inquiries, please contact: 
 
    In China: 
 
     Mr. Charles Bai 
     ReneSola Ltd 
     Tel:  +86-573-8477-3061 
     E-mail:  charles.bai@renesola.com 
 
     Mr. Derek Mitchell 
     Ogilvy Financial, Beijing 
     Tel:  +86-10-8520-6284 
     E-mail:  derek.mitchell@ogilvy.com 
 
    In the United States: 
 
     Mr. Thomas Smith 
     Ogilvy Financial, New York 
     Tel:  +1-212-880-5269 
     E-mail:  thomas.smith@ogilvypr.com 
 
    In the United Kingdom: 
 
     Mr. Tim Feather / Mr. Richard Baty 
     Hanson Westhouse Limited, London 
     Tel:  +44-207-601-6100 
     E-mail:  tim.feather@hansonwesthouse.com / 
              richard.baty@hansonwesthouse.com 
 
SOURCE  ReneSola Ltd 
 
 
 
 
END 
 

Renesola (LSE:SOLA)
Historical Stock Chart
From Jun 2024 to Jul 2024

Renesola (LSE:SOLA)
Historical Stock Chart
From Jul 2023 to Jul 2024