ReneSola's Replus Inverters Certified for Sale in Several Countries
JIASHAN, China, July 9, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced its string inverter, Replus, has formally obtained certification in Australia, Germany, Denmark, the United Kingdom, France, Spain, Greece, the Netherlands, Belgium, Poland, Portugal, Switzerland, Sweden and Romania.
Mr. Xianshou Li, ReneSola's chief executive officer, said, "Along with our Micro Replus certifications, these certifications are key to expanding our downstream business in international markets. They are a testament to the performance, credibility and safety of Replus, a cost-efficient solution for increasing the energy output of solar modules. Compared to microinverters, string inverters tend to have lower costs per peak watt and greater capacity. We plan to capitalize on our quality-certified string and microinverters to provide households and large-scale PV systems worldwide with a variety of solar energy solutions."
ReneSola's Replus 1.5-5kW single-phase and 10-20kW three-phase string inverters, which convert DC electricity from one or more strings of solar panels to AC electricity, received a number of certifications in the first seven months of 2013, including:
- VDE certification from Bureau Veritas, one of the largest worldwide players in testing, inspection and certification of consumer products, for the right to be marketed in Germany;
- 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;
- G83 and G59 Compliance Documents from Bureau Veritas confirming compliance with the listed standards in the United Kingdom;
- RD1699, C10/11, DIN V VDE V0126-1 and EN50438 certifications from Bureau Veritas for the right to be exported and sold in Spain, Belgium, Greece, the Netherlands, Portugal, Switzerland and other European countries.
The Company expects its Replus string inverter to receive certifications for an additional three countries by August 2013.
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:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.
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