ReneSola Wins 53.5MW Utility Scale Project in Southern Texas

SAN FRANCISCO, Nov. 18, 2013 /PRNewswire/ -- ReneSola Ltd. ("ReneSola") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced it will deliver more than 178,000 PV modules, which will be used in a 53.5MW project being developed by leading solar PV project developer, OCI Solar Power. The modules will be installed in a project named Alamo II in San Antonio and another upcoming Texas development approximately two hours west of San Antonio.

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The multi-stage project will total 400MW and provide power to CPS Energy, the municipal utility for the City of San Antonio, upon completion in 2016. A portion of the large-scale solar project will include ReneSola's 300W high-efficiency polycrystalline modules.

In regards to the recent partnership, Mr. Kevin Chen, president of ReneSola America, stated, "We are pleased to be providing our high-quality polycrystalline modules to OCI Solar Power's project in Southern Texas. This collaborative development reflects our steady growth in this region of the United States, as well as our growing relationship with this thriving project developer. We hope to extend our cooperation with OCI Solar Power as we continue providing our high-efficiency PV products to large-scale solar projects in this region."

About ReneSola

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 OCI Solar Power

OCI Solar Power is a leader in the solar power industry, providing innovation and development for utility scale solar power plants in communities throughout the United States. With 500MW of solar photovoltaic projects currently in development, OCI Solar Power works with local officials, community organizations and leading environmental and engineering firms to ensure that each solar project is suitable for the community and built in an environmentally conscious manner. San Antonio, Texas-based OCI Solar Power is owned by Atlanta-based OCI Enterprises. For more information, visit www.ocisolarpower.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:

Investor Relations
ReneSola Ltd
Tel: +86-21-62809180-162/105
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 America
Tel: +1-603-748-6933
Email: [email protected]

Mr. Justin Knapp
Ogilvy Financial, U.S.
Tel: +1-616-551-9714
E-mail: [email protected]

SOURCE ReneSola Ltd.

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