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ReneSola's Micro Replus Inverters Certified For Sale In Several Countries

Stocks in this article: SOL





JIASHAN, China, July 5, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced its microinverter, Micro Replus, formally obtained certification in the United States, Canada, Australia, New Zealand, Germany, Denmark and the United Kingdom in the first half of this year.(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030)

Mr. Xianshou Li, ReneSola's chief executive officer, said, "These certifications are key to expanding our downstream business in international markets like Europe, Australia and the United States. They are a testament to the performance, credibility and safety of Micro Replus, a cost-efficient solution for increasing the energy output of solar modules affected by shade, debris or snow. Microinverters can significantly increase the performance of an entire PV system by enabling panels to operate independently, eliminating the "Christmas light effect" experienced with traditional inverters when the lowest performing module determines the performance of the entire series. We plan to capitalize on our quality-certified inverters to provide households and large-scale PV systems worldwide with smart renewable energy solutions."

ReneSola's Micro Replus microinverter, which converts DC electricity from a solar panel to AC electricity, received a number of certifications in the first half of 2013, including:

  • ETL certification from Intertek, a worldwide leader in quality assurance and product safety certification, to enter the United States and Canadian markets freely;
  • Certificates of Approval from SAA Approvals, a third-party certification body accredited by the Joint Accreditation Service of Australia and New Zealand to issue Certificates of Approval for electrical equipment proven to comply with the safety requirements of the applicable Australian Standard, for the right to be exported and sold in Australia and New Zealand;
  • Attestations of Conformity from TUV SUD, a globally recognized and leading government-designated certification body responsible for product testing and the certification of electronic products, for the right to be marketed in Germany and other countries including Denmark;
  • CE certification, a mandatory conformity certification for products sold in the European Economic Area that verify the products meet EU safety, health and environmental requirements; and
  • a G83 Compliance Document from TUV SUD confirming compliance with the listed standards in the United Kingdom.

The Company expects Micro Replus to receive certifications, including grid standard certification, for an additional 11 European countries by August 2013. In the third quarter of 2013, ReneSola expects to sell over 50,000 Micro Replus microinverters worldwide.

About ReneSola

Founded in 2005, ReneSola (NYSE:SOL) is a leading brand and technology provider of solar PV products. 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.

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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