SOLA Renesola

 
TIDMSOLA 
 
ReneSola Announces Follow-on Public Offering of 14,400,000 American 
Depositary Shares 
 
    JIASHAN, China, Sept. 23 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd 
("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a vertically 
integrated Chinese manufacturer of solar products, today announced that it 
intends to offer, subject to market and other conditions, 14,400,000 
American depositary shares ("ADSs"), each representing two ordinary shares 
of the Company. ReneSola intends to grant the underwriters an option to 
purchase up to an additional 2,160,000 ADSs. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    ReneSola plans to use the net proceeds of the offering for general 
corporate purposes including capital expenditure, working capital and 
repurchases and redemptions of the Company's U.S. dollar settled 1% 
convertible bonds due 2012. The Company's management will retain broad 
discretion over the use of proceeds, and the Company may ultimately use the 
proceeds for different purposes than what it currently intends. 
    Credit Suisse Securities (USA) LLC, UBS AG and Lazard Capital Markets 
LLC will act as underwriters. 
    This offering will be made under ReneSola's registration statement on 
Form F-3 filed with the Securities and Exchange Commission on June 25, 2009. 
This press release does not constitute an offer to sell, or the 
solicitation of an offer to buy, securities and does not constitute an 
offer, solicitation or sale in any jurisdiction in which such offer, 
solicitation or sale would be unlawful. The Company's registration 
statement on Form F-3 and preliminary prospectus supplement are available 
from the SEC website at http://www.sec.gov . 
    A copy of the prospectus relating to the offering may be obtained by 
contacting Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New 
York, New York 10010-3629, or by telephone at 1-800-221-1037, from UBS AG 
at 52/F, International Finance Center, 8 Finance Street, Central, Hong Kong, 
or from Lazard Capital Markets LLC at 30 Rockefeller Plaza, New York, New 
York 10020. 
 
    About ReneSola 
    ReneSola Ltd ("ReneSola") is a leading Chinese manufacturer of solar 
products based in China. Capitalizing on proprietary technologies and 
technical know-how, ReneSola's vertically integrated manufacturing 
capabilities include virgin polysilicon, monocrystalline and 
multicrystalline solar wafers, solar cells and solar modules. 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 UK: 
     Mr. Tim Feather / Mr. Richard Baty 
     Hanson Westhouse Limited 
     Tel:   +44-20-7601-6100 
     Email: tim.feather@hansonwesthouse.com 
            richard.baty@hansonwesthouse.com 
 
SOURCE  ReneSola Ltd 
 
 
 
 
END 
 

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