ReneSola Sells 13.5 MW Utility Scale Solar Project in the UK

Jul 07, 2015, 07:30 ET from ReneSola Ltd.

JIASHAN, China, July 7, 2015 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL) (www.renesola.com), a leading brand and technology provider of energy efficient products, today announced that it has sold its 13.5 MW Wedgehill utility scale solar project in the United Kingdom to a renowned solar energy generator in the UK.

"The closing of the Wedgehill project represents our second successful sale from our UK project pipeline this year," said Mr. Xianshou Li, ReneSola's chief executive officer. "Our progress in developing and selling high-quality, utility scale projects demonstrates our execution capabilities and reflects our commitment to our strategic shift toward downstream services and projects. We still have more than 76 MW of total projects in our portfolio which we plan to monetize as we continue to expand and develop our downstream presence."

The Wedgehill project, which utilizes ReneSola's Virtus II modules, was connected to the grid in December 2014 and is qualified for the UK's 1.4 R.O.C scheme.

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of green energy products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.

For investor and media inquiries, please contact:

In China:

Ms. Juliet Yang ReneSola Ltd Tel: +86 (21) 6280-9180 ext. 105 E-mail: ir@renesola.com

Mr. Derek Mitchell Ogilvy Financial, Beijing Tel: +86 (10) 8520-6139 E-mail: sol@ogilvy.com

In the United States:

Ogilvy Financial, U.S. Tel: +1 (646) 867-1888 E-mail: sol@ogilvy.com

SOURCE ReneSola Ltd.



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