SOLA Renesola

 
TIDMSOLA 
 
ReneSola Signs RMB800 Million Project Loan Agreement with China Construction 
               Bank for Sichuan Polysilicon Production Facility 
 
JIASHAN, China, January 27, 2009 - ReneSola Ltd ("ReneSola" or the "Company"), 
a leading Chinese manufacturer of solar wafers, today announced that its wholly 
owned subsidiary Sichuan ReneSola Material Co. Ltd. signed a RMB800 million 
(approximately US$117 million) five-year project loan agreement with China 
Construction Bank, Sichuan Branch to support the construction of ReneSola's 
polysilicon production facility in Meishan, Sichuan province. 
 
"We are pleased to announce that we've secured additional financing for our 
Sichuan polysilicon manufacturing facility," said Charles Bai, ReneSola's chief 
financial officer. "The agreement, combined with previously acquired financing, 
provides ReneSola with approximately 90% of the capital necessary to fund the 
project to completion. Our ability to secure capital in a tight credit 
environment demonstrates confidence in the development and operation of our 
polysilicon facility and faith in our management team's track record of 
delivering positive results." 
 
The Company noted that pilot production for phase one of its Sichuan 
polysilicon manufacturing facility is expected to commence late in the second 
quarter of 2009 and phase two pilot production is expected to commence late in 
the third quarter of 2009. Each phase will consist of 1,500 metric tones ("MT") 
of polysilicon production. As part of the Company's long-term strategy, the 
3,000 MT Sichuan facility will provide ReneSola with a stable and low-cost 
source of polysilicon feedstock, enhancing its position as a leading wafer 
producer within the industry." 
 
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 market 
of the London Stock Exchange (AIM: SOLA). For more information about ReneSola, 
please visit www.renesola.com. 
 
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 (0) 20-7601-6100 
 
E-mail: tim.feather@hansonwesthouse.com / richard.baty@hansonwesthouse.com 
 
 
 
END 
 

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