ReneSola Wins 1.8 MW New Mexico Solar Project

SAN FRANCISCO, April 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 7,200 of its 250-watt high-efficiency polycrystalline solar PV modules for a solar project to be built by S&C Electric Company ("S&C"), a Chicago-based provider of equipment and services for electric power systems, in Roswell, New Mexico this year.

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"We understand the importance of picking our project partners carefully," said Mr. Dan Girard, director of renewable energy & energy storage business development for S&C. "ReneSola met the product requirements, logistics and other special requests for our customer's energization schedule."

Mr Xianshou Li, ReneSola's chief executive officer said, "With the ongoing changing solar landscape, we are pleased to partner with companies like S&C, which require products of the highest quality. Our U.S. team has worked hard to build a strong reputation amongst developers and EPCs, and our selection for this project demonstrates our leadership in the marketplace. In 2013, we will remain committed to partnering with project EPCs and developers who are building sophisticated projects with tight timelines and special requirements."

ReneSola began delivery of the solar modules to the Roswell, New Mexico project site on April 8, 2013. S&C is responsible for the solar project's engineering, procurement and construction ("EPC").

About ReneSola

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 S&C Electric Company

S&C, headquartered in Chicago, IL, is applying its heritage of innovation to address challenges facing the world's power grids and is thus shaping the future of reliable electricity delivery. The mission of employee-owned S&C is to continually develop new solutions for electricity delivery, fostering the improved efficiency and reliability required for the intelligent grid. Additional information about S&C is available at www.sandc.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:

In China:

Mr. Tony Hung
ReneSola Ltd
Tel: +86-573-8473-9011
E-mail: [email protected]

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-3073
E-mail: [email protected]

In the United States:

Mr. Brian Armentrout
ReneSola Ltd
Tel: +1-603-748-6933
E-mail: [email protected]

Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
E-mail: [email protected]

SOURCE ReneSola Ltd.