SAN FRANCISCO, May 10, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced it provided modules for use in three community-scale solar power projects in Vermont in the last few months. The solar projects were installed by solar tracker manufacturer and project developer AllEarth Renewables, Inc. ("AllEarth Renewables"), who chose ReneSola panels for each project.
Among the projects is a 150-kilowatt ("kW") solar farm in the Town of Williston, Vermont, which will provide substantial solar power to the town offices, police station and fire station. The 25-tracker solar farm will produce more than 210,000 kilowatt hours (kWh) annually and is installed in a field behind municipal buildings.
ReneSola also supplied panels for a 150 kW project in Bridport, Vermont, that will supply solar energy to the Vermont Hard Cider Company, which produces Woodchuck Hard Cider. This project consists of 26 AllSun Trackers, innovative dual-axis trackers developed by AllEarth Renewables, and will produce more than 210,000 kWh annually.Lastly, a 35 kW solar installation at New Leaf Organic Farm in Monkton, Vermont, will provide solar energy for nearby Stark Mountain Woodworking, which makes high-end, custom furniture at a 15,000 square-foot facility in New Haven, Vermont. ReneSola's chief executive officer, Mr. Xianshou Li, said, "We are pleased with the success of these three recent solar power projects in Vermont. We look forward to working with AllEarth Renewables to facilitate the wider use of solar energy through projects that benefit local communities. It's exciting to see our modules used in projects located at high-profile sites, such as Vermont Hard Cider, and municipalities such as that of Bridport, Vermont." 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, China, Greece, Spain and Australia. For more information, please visit www.renesola.com. About AllEarth Renewables AllEarth Renewables specializes in the design and manufacture of grid-connected solar renewable energy systems that lessen dependence on nuclear and fossil fuels and reduce greenhouse gas emissions. The company's goal is to provide turnkey products that harness the power of the sun for homes and businesses while creating sustainable, well-paying jobs. AllEarth Renewables is an Inc. 500 company for fastest growing businesses nationwide, and has been designated one of the 2013 Best Places to Work in Vermont. Its ground-mounted solar PV AllSun Tracker was named a "2012 Green Product of the Year" by BuildingGreen magazine. www.AllEarthRenewables.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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