ReneSola to Provide 63 MW of PV Modules to Energy Absolute PCL
JIASHAN, China, July 22, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced it has agreed to provide 63 megawatts ("MW") of PV modules to Energy Absolute PCL ("Energy Absolute"), a leader in the research, development and production of alternative energies in Thailand.
ReneSola will deliver 63 MW of its Virtus II PV modules to Energy Absolute between August and October of this year as part of a project in Nakornsawan, Thailand. The project is of a number of large-scale solar contracts for ReneSola in Southeast Asia.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "We have been a leading provider of PV products in Southeast Asia since last year. This contract demonstrates to our customers that our high-efficiency Virtus modules not only meet the requirements of traditional European and American markets, but also are suited for the high temperatures and tropical conditions of Southeast Asia. As we look ahead, we hope to generate additional business in the emerging solar markets of Southeast Asia."
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.
For investor and media inquiries, please contact:
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Justin Knapp
SOURCE ReneSola Ltd.
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