Segen Adds ReneSola Solar PV Panels to UK Product Portfolio

JIASHAN, China, Sept. 21, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced Segen Ltd ("Segen"), the UK's leading value-added distributor of solar PV products, will be adding a new range of quality PV panels from ReneSola to its comprehensive portfolio.

(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030)

Segen is now stocking ReneSola's 245 watt ("W") and 250 W Virtus modules in response to recent customer demand and anticipated requirements in the solar PV market. The Virtus range offers excellent electricity generation capacity under high temperatures, as well as a lower level of light-induced degradation. The Virtus range also surpasses the conventional 16.5% efficiency for multicrystalline PV cells and is able to convert photons to electrons at efficiencies over 18.2%. This is achieved through ReneSola's quasi-mono wafer technology, which combines the high quality of monocrystalline silicon with the low cost of multicrystalline silicon PV technology to produce a more efficient and cost-effective solar wafer.

Andy Pegg, managing director at Segen, said, "ReneSola's commitment to the advancement of solar PV technology makes them an ideal partner for Segen. They are already a well-established and respected multinational manufacturer and their range of cutting-edge Virtus modules are an asset to Segen's ever-expanding product portfolio."

Jijun Shi, president of ReneSola Europe, said, "We are excited to enter the UK market, and we are thrilled to work with the UK's leading distributor of solar PV products. Our collaboration will provide the highest quality PV panels to a growing UK solar market."

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, Greece, Spain, China and Australia. For more information, please visit http://www.renesola.com/. 

About Segen

Founded in 2005 as a value add distributor of renewable energy technologies, Segen is the UK's leading distributor of Solar PV and Solar Thermal products. Operating from facilities based in Aldershot, Hampshire, and with distribution arms in Bolton, Lancashire and Swindon, Berkshire, Segen is well positioned to offer a comprehensive branded product portfolio to the UK's renewables installer market. Segen's excellent reputation has been built through its value added distribution model and unique online design and ordering service.

For investor and media inquiries, please contact:

In Europe:

Florian Dieckmann
Marketing Manager
ReneSola Europe
+49 (69) 6637869-14
[email protected]

In China:

Michelle Ye
Senior Brand Manager
ReneSola Ltd
[email protected]

SOURCE ReneSola Ltd.