SOLA Renesola

 
TIDMSOLA 
 
ReneSola Signs Letters of Intent to Develop 500 MW On-grid Power Generation 
                       Project and 5 MW Rooftop Project 
 
JIASHAN, China, July 16 /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 entered into a letter of intent with 
the Yancheng city government, Jiangsu province, to develop a 500 megawatt 
("MW") on-grid solar power generation project. In addition, the Company has 
been granted the exclusive right in a letter of intent with the Panzhihua east 
district government, Sichuan province, to develop a 5 MW rooftop project. Both 
projects are subject to feasibility studies and approvals by various government 
authorities. 
 
(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
 
"We are delighted to announce the addition of these new projects to our 
downstream solar project portfolio," said Mr. Xianshou Li, ReneSola's chief 
executive officer. "The 500 MW solar project in neighboring Jiangsu province is 
set to become one of the largest of its kind so far in China. A project of this 
magnitude will showcase ReneSola's expertise in utility-scale solar 
applications and help raise our profile in the downstream space as we position 
ourselves to benefit from the government's enhanced focus on renewable energy." 
 
500 MW On-grid Power Generation Project 
 
According to the letter of intent entered into with the Yancheng city 
government, ReneSola will develop a 500 MW on-grid power generation project in 
Jiangsu province, China. The project will consist of mainly ground-mounted 
system applications and 10 MW of rooftop installations to be built over a 6 
year period. 
 
5 MW Panzhihua Project 
 
According to the letter of intent entered into with the Panzhihua east district 
government, ReneSola will develop a rooftop project of no less than 600,000 
square meters for new or existing government buildings, with installed capacity 
planned to reach 5 MW. 
 
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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