SOLA Renesola

 
TIDMSOLA 
 
ReneSola Launches Phase 1 Trial Production at its 3,000 MT Polysilicon 
                            Manufacturing Facility 
 
    JIASHAN, China, July 14 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd 
("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global 
manufacturer of solar wafers, today announced that it has successfully 
commenced trial production on the first batch of polysilicon from Phase 1 of 
its two-phase, 3,000 metric tonne ("MT") annualized capacity polysilicon 
manufacturing facility located in China's Sichuan province. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    "The launch of our in-house polysilicon manufacturing facility represents 
another exciting strategic milestone for ReneSola," commented Mr. Xianshou Li, 
ReneSola's chief executive officer. "As an integral part of our vertical 
integration strategy, this state-of-the-art facility is designed to enhance 
our competitiveness as we benefit from cost synergies associated with upstream 
integration. The production output from this new facility will provide us with 
a stable, cost-effective flow of polysilicon as we strengthen our position as 
one of the world's leading, low-cost, fully integrated solar companies." 
    ReneSola's two-phase, 3,000 MT annualized capacity polysilicon 
manufacturing facility utilizes the Siemens process and a closed loop system 
to produce polysilicon. Phase 2 of the facility, representing approximately 
1,500 MT annualized capacity, is scheduled to reach mechanical completion in 
September 2009. 
 
    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 http://www.renesola.com . 
 
    Safe Harbor Statement 
    This press release contains 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 
annual report on Form 20-F. 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: 
 
     Ms. Julia Xu 
     ReneSola Ltd 
     Tel:   +86-573-8477-3372 
     Email: julia.xu@renesola.com 
 
     Mr. Derek Mitchell 
     Ogilvy Financial, Beijing 
     Tel:   +86-10-8520-6284 
     Email: derek.mitchell@ogilvy.com 
 
    In the United States: 
 
     Ms. Jessica Barist Cohen 
     Ogilvy Financial, New York 
     Tel:   +1-646-460-9989 
     Email: jessica.cohen@ogilvypr.com 
 
    In the United Kingdom: 
 
     Mr. Tim Feather / Mr. Richard Baty 
     Hanson Westhouse Limited, London 
     Tel:   +44-20-7601-6100 
     Email: tim.feather@hansonwesthouse.com 
            richard.baty@hansonwesthouse.com 
 
SOURCE  ReneSola Ltd 
 
 
 
END 
 

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