Landmark Commercial Development Selects ReneSola Modules for Second Project Phase
ReneSola to Provide Solar Modules for Second Cummings Center Project in Massachusetts
SAN FRANCISCO, Calif., March 15, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced it has been contracted to provide 460 kilowatts ("kW") of its high-efficiency solar modules to Cummings Properties, one of the most prominent full-service commercial real estate development and property management organizations in Massachusetts. The solar modules will make up the rooftop solar system of Cummings Center, a two-million square foot corporate campus and retail center in Beverly, Massachusetts. This is the second project for which Cummings Center has selected ReneSola modules. The first project, built last fall, was 530 kW, bringing the total contracted by Cummings Center to nearly 1 megawatt ("MW").
ReneSola will ship 460 kW of its 305 watt ("W") poly modules to Cummings Properties next month. Design and construction of the center's rooftop solar system, as well as the integration of ReneSola's solar modules, will be performed by Cummings Properties. To date, Cummings Properties has completed seven rooftop solar projects totaling approximately 1.5 MW, in addition to this most recent project.
"It's gratifying to win a single project, but repeat business is a true indicator of a manufacturer's quality, performance and service," said Kevin Chen, president of ReneSola America. "We're thrilled to be the supplier of this second installation for Cummings Properties, and we're certain they'll be just as pleased with this shipment as they were with the first. As a fairly new player to the U.S. solar marketplace, we're quickly gaining significance with several high profile projects, including that of Cummings Center. We are pleased that ReneSola is becoming a trusted name among the industry's most sophisticated and respected project developers and installers in the North and Latin America marketplaces."
"The service, support and logistics provided by ReneSola for Cummings Center's previous project were excellent," said Gary Gresh, sustainability manager of Cummings Properties. "We look forward to working with ReneSola as we continue our efforts to become a more sustainable operation through the implementation and adoption of solar power."
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 Cummings Center
Cummings Center is a two-million-square-foot corporate campus and retail center in Beverly, Massachusetts. The site was formerly the headquarters of United Shoe Machinery Corporation, a Massachusetts landmark since 1903. A top-to-bottom restoration transformed "the Shoe" into a vibrant commercial center that serves a new century of business with high-quality office, retail, laboratory, and research space and is home to more than 500 diverse businesses.
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:
Mr. Tony Hung
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Brian Armentrout
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.
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