Landmark commercial development selects ReneSola modules for second project phase

Monday, Mar 18, 2013

SAN FRANCISCO, Calif., March 15, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced it has been contracted to provide 460 kilowatts ("kW") of its high-efficiency solar modules to Cummings Properties, one of the most prominent full-service commercial real estate development and property management organizations in Massachusetts. The solar modules will make up the rooftop solar system of Cummings Center, a two-million square foot corporate campus and retail center in Beverly, Massachusetts. This is the second project for which Cummings Center has selected ReneSola modules. The first project, built last fall, was 530 kW, bringing the total contracted by Cummings Center to nearly 1 megawatt ("MW").

ReneSola will ship 460 kW of its 305 watt ("W") poly modules to Cummings Properties next month. Design and construction of the center's rooftop solar system, as well as the integration of ReneSola's solar modules, will be performed by Cummings Properties. To date, Cummings Properties has completed seven rooftop solar projects totaling approximately 1.5 MW, in addition to this most recent project.

"It's gratifying to win a single project, but repeat business is a true indicator of a manufacturer's quality, performance and service," said Kevin Chen, president of ReneSola America. "We're thrilled to be the supplier of this second installation for Cummings Properties, and we're certain they'll be just as pleased with this shipment as they were with the first. As a fairly new player to the U.S. solar marketplace, we're quickly gaining significance with several high profile projects, including that of Cummings Center. We are pleased that ReneSola is becoming a trusted name among the industry's most sophisticated and respected project developers and installers in the North and Latin America marketplaces."

About ReneSola

Founded in 2005, ReneSola (NYSE:SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, China, Greece, Spain and Australia. For more information, please visit www.ReneSola.com.

About Cummings Center

Cummings Center is a two-million-square-foot corporate campus and retail center in Beverly, Massachusetts.  The site was formerly the headquarters of United Shoe Machinery Corporation, a Massachusetts landmark since 1903. A top-to-bottom restoration transformed "the Shoe" into a vibrant commercial center that serves a new century of business with high-quality office, retail, laboratory, and research space and is home to more than 500 diverse businesses.

SOURCE ReneSola Ltd.