ReneSola Applauds Opening of Large-Scale German Solar Power Plant; Gahro Plant Utilizes 27.5 MW of Poly and Virtus High-Efficiency Modules

2011-09-29 18:04 1756

JIASHAN, China, September 29, 2011 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar products, today extended its formal congratulations to Enerparc, a leading EPC company in Germany, for constructing and operating a large-scale solar power plant in Gahro, Germany. The plant, which came on line on September 2, 2011, is equipped with 27.5 MW of ReneSola's standard Multi and Virtus high-efficiency modules.

In June of this year, ReneSola shipped to Gahro 16.23 MW of its standard Multi modules, comprised of 230W, 235W and 240W modules, and 11.23 MW of its Virtus modules, comprised of 235W, 240W and 245W modules, which were installed in August.

The solar power plant, which occupies 55 hectares near Heideblick, generates more than 26 million kilowatt hours of electricity each day, enough to supply more than 7,500 households.

"Thanks to our great partnership with ReneSola, more than 200 containers of modules were delivered and installed in record time. This new plant exemplifies our combined technical expertise in building and operating large-scale photovoltaic plants," said Stefan Muller, COO of Enerparc.

"We were very pleased to participate in this great project, which will provide a cleaner energy alternative to the citizens of Gahro," noted Dr. Panjian (Paul) Li, RenesSola's senior vice president. "We continue to work with customers and local governments to build partnerships in the renewable energy sector, as well as with local banks to ensure the bankability of our projects. The fact that nearly half the modules we supplied to this project were of the new, high-efficiency Virtus type demonstrates the effectiveness of our newest products and their suitability for large-scale solar projects."

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, low-cost production capabilities 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

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 the Company describes what it "believes," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does 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 the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes 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 the Company's situation may change in the future.

For investor and media inquiries, please contact:

In China:

Mr. Tony Hung
ReneSola Investor Relations
Tel: +86-573-8473-9011

Ms. Fancy Li
ReneSola Module Media Contact
Tel: +86-510-8712-9287

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284

In the United States:

Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989

Source: ReneSola Ltd.
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