ReneSola signs 8 MW module sales agreement with True Value Solar

Friday, Aug 03, 2012

JIASHAN, China, Aug. 2, 2012 /PRNewswire-Asia/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar wafers and solar modules, today announced it has sold 8 MW of its high-quality, high-performance monocrystalline solar modules to True Value Solar, Australia's largest solar specialist and one of the country's leaders in solar photovoltaic ("PV") installations. True Value Solar operates as part of the M+W Group, a global leader in engineering, construction, project management and advanced technology facilities responsible for the planning and construction of 40 solar PV plants around the world.

Under the terms of the agreement, ReneSola will ship a total of 8 MW of its high-quality, high-performance monocrystalline solar modules directly to True Value Solar's distribution sites in Australia by the end of this month.

Mr. Xianshou Li, ReneSola's chief executive officer, said, "This contract reflects the quality of our products as well as our commitment to research and development. Moreover, our business continues to grow in Australia, where our year-to-date shipments now top 45 MW and brand awareness of our products, particularly our Virtus line, continues to improve."

About ReneSola
ReneSola is a leading global manufacturer of solar wafers and producer of solar power products based in China. Capitalizing on proprietary technologies, economies of scale, high production quality, and technological innovations and know-how, ReneSola leverages its in-house virgin polysilicon and solar cell and module production capabilities to provide its customers with high-quality, cost-competitive solar wafer products and processing services. The Company possesses a global network of suppliers and customers that includes some of the leading global manufacturers of solar cells and modules. ReneSola's ADSs are traded on The New York Stock Exchange (NYSE: SOL). For more information about ReneSola, please visit http://www.renesola.com.

Source: ReneSola