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ReneSola establishes regional sales office in Panama

Wednesday, Feb 12, 2014

JIASHAN, China, Feb. 11, 2014 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced the formal launch of ReneSola Panama Inc. ("ReneSola Panama"), the Company's first branch office in Latin America. The office will be responsible for sales and marketing efforts across Latin America and the Caribbean region.

"The new office will accelerate our expansion into emerging markets throughout Latin America in line with our strategy to expand our global presence. Our Panama office will manage the opening of our first distribution center in Latin America at the Colon Free Zone, in Colon City, Republic of Panama," said Mr. Xianshou Li, founder and chief executive officer of ReneSola. "Distribution from Panama will enable us to provide enhanced service to our customers in the region due to shorter transit times and lower transportations costs."

"The opening of our Panama office positions us to capture the immense growth potential in Latin America and the Caribbean by offering a broad range of photovoltaic modules, micro inverters, string inverters, LED, energy storage solutions and mounting systems," said Mr. Rogelio Puerta, General Manager of ReneSola Panama. "In combination with our local service model, we will leverage ReneSola's global experience and customer service software. This will enable us to rapidly provide our distributors and clients in Latin America and the Caribbean with customized high-quality products and service."

About ReneSola

Founded in 2005, ReneSola (NYSE:SOL) is a leading brand and technology provider of solar PV products. 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.

SOURCE ReneSola Ltd.

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