SAN FRANCISCO, Dec. 6, 2013 /PRNewswire/ -- ReneSola Ltd. ("ReneSola") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced that it will partner with LTS Energy to develop a 330 kW solar project for "Ranch 41," a farm in Fallbrook, California. ReneSola will provide its high-efficiency Virtus II 305W polycrystalline modules for this fixed tilt ground mount PV project.
ReneSola and LTS Energy previously collaborated on a 273 kW solar power system for Peppercorn Mutual Water Company in Pauma Valley, California earlier this year. ReneSola and LTS Energy are also discussing plans for additional solar projects in California of several megawatts.
Mr. Kevin Chen, president of ReneSola America stated, "LTS Energy is an experienced developer and holds its PV equipment suppliers to a high standard. "Ranch 41" marks our second project with LTS, and we look forward to partnering with them on additional projects in the future."
Larry Slominski, president of LTS Energy stated, "California farmers recognize the value of solar electric power systems that allow them to "Farm the Sun"™ to offset the high energy costs of pumping water. In partnership with ReneSola, we have provided California farmers with significant returns on their investments in solar power. An increasing number of farmers in the region are seeking our support to develop solar projects, and we look forward to partnering with ReneSola to meet this growing demand."
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.
About LTS Energy
LTS Energy is a solar project development and management firm that specializes in supporting commercial customers plan and install their own solar projects. LTS assists clients with project design, budgeting, permits and construction, and provides additional contracting services as required through its subsidiary LTS Solar Energy, a California C-46 licensed contractor. LTS Energy's principle, Larry Slominski is a NABCEP certified installer and professional engineer with over 30 years of experience in solar electric power. For more information, please contact email@example.com (+1-760-505-6822).
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:
Ms. Laura Chen
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Brian Armentrout
Mr. Justin Knapp
Ogilvy Financial, U.S.
SOURCE ReneSola Ltd.