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ORLANDO, Florida, September 11, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced the release of Micro RePlus™, available as a standalone microinverter or integrated with a ReneSola panel for a turnkey AC module. Micro RePlus™ will lead the domestic microinverter market in performance, cost and production.
"Micro RePlus™ is what the industry has been waiting for, and we're thrilled to bring this solution to the market," said Kevin Chen, president of ReneSola America. "It combines features, such as 208 and 240 AC voltage options and an MPPT, or maximum power point tracking, efficiency greater than 99.5%, with a 25-year linear warranty to back up the performance promise, at a price nearly 20% lower than the current microinverter market. Micro RePlus™ also comes complete with monitoring software, communications gateway hardware and cables equipped with MC4 compatible connectors. This gives customers the tremendous advantage of knowing exactly what they are paying for the entire package, as opposed to being faced with hidden extra costs associated with cables and connectors."
Mr. Chen added, "We recognize the importance of bringing down the cost of complete solar PV installations, while keeping installations companies profitable, in order to make clean, solar power available to everyone. By offering installer-direct turnkey solutions, such as that of Micro RePlus™, prices for the end user are lower and margins for installers are greater. Our management recognizes this as a real value proposition based on its experience in the global PV industry."
The smart design of ReneSola's lightweight Micro RePlus™ makes for quick and easy installations and is designed to withstand harsh weather conditions with its weatherproof cabling and silicone potted enclosure. Micro Replus™ will be available for same-day shipping from ReneSola's east and west coast U.S. warehouses beginning this fall.
For a firsthand look and more information on Micro RePlus™ and other new products, visit ReneSola at SPI 2012 in booth number 2210 at the Orange County Convention Center in Orlando, Florida, September 10 - 12.
About ReneSola
Founded in 2005, ReneSola (NYSE:SOL) is a leading global supplier of high-efficiency solar PV modules and wafers. 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 customers with high-quality, cost-competitive solar wafers and modules. ReneSola possesses a global network of suppliers and customers which includes leading global module and cell manufacturers. With its vertically integrated supply chain, ReneSola customers are receiving their solar modules and wafers direct from the source. ReneSola solar modules are among the best in their class with respect to annual kilowatt-hour output and can be found in projects ranging in size from a few kilowatts to multi-megawatts all around the world. For more information 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 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 media inquiries, please contact:
In the United States:
Brian Armentrout
Director of Marketing
ReneSola America
+1 603.748.6933
Brian.Armentrout@ReneSola.com
In China:
Michelle Ye
Senior Brand Manager
ReneSola Ltd.
Michelle.Ye@ReneSola.com
