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ReneSola Establishes Asia-Pacific, Middle East And Africa Regional Sales Headquarters In Singapore

JIASHAN, China, Oct. 24, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced the establishment of its Asia-Pacific, Middle East and Africa regional sales headquarters in Singapore. This announcement comes in conjunction with the Singapore International Energy Week 2012.

(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030 )

In order to strengthen its business practice in Asia Pacific, the Middle East and Africa, as well as take advantage of Singapore's strength as a financial and talent hub in Southeast Asia, ReneSola has set up its sales office with its subsidiary in Singapore, ReneSola Singapore Pte., Ltd. ("ReneSola Singapore"). Located on Toh Guan Road East, Singapore, this new office will deal with all the major markets in Asia Pacific, the Middle East and Africa to further drive sales and business development for the Company in these regions.

"We are delighted to announce the opening of our regional sales office in Singapore," commented Mr. Xianshou Li, founder and chief executive officer of ReneSola. " Singapore is a financial and talent hub for clean technology and a favorable environment to facilitate large-scale adoption of solar energy. Given our track record of global successes and the strong support from the Singapore Economic Development Board, we expect to establish a deeper connection with our new location."

"We warmly welcome ReneSola's decision to establish its regional sales office in Singapore," said Mr. Goh Chee Kiong, director of Cleantech at the Singapore Economic Development Board. "This investment will add to the vibrancy of our solar ecosystem and strengthen the development of Singapore as a global clean energy hub. It also affirms how Singapore is viewed increasingly as the internationalisation platform for leading Asian clean technology enterprises."

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, Greece, Spain, China and Australia. 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.

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