ReneSola Signs Six-Year Wafer Supply Agreements with Ningbo Solar and Eoplly New Energy

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April 15, 2008

JIASHAN China April 15 Xinhua-PRNewswire-FirstCall - ReneSola Ltd ReneSola or the Company a leading Chinese manufacturer of solar wafers today announced that it has signed six-year wafer supply contracts with Ningbo Solar Electric Power Co Ltd Ningbo Solar and Eoplly New Energy Technology Co Ltd EopllyUnder the terms of the Ningbo Solar contract ReneSola will supply Ningbo Solar with 105 MW of solar wafers over a six-year period commencing in mid- 2008 Ningbo Solar is a Chinese manufacturer of solar cells and modules headquartered in Zhejiang Province ChinaReneSola has also agreed to supply Eoplly with 105 MW of solar wafers over a six-year period commencing in mid-2008 Headquartered in Jiangsu Province China Eoplly is a Chinese manufacturer of solar cells solar modules and photovoltaic PV systemsThe signing of these wafer supply contracts further demonstrates continuing strong demand for our quality wafer products commented Mr Xianshou Li ReneSolas chief executive officer Our large-scale cost- effective manufacturing and strong technology development capabilities are well recognized within the industry and we are very pleased to broaden our customer base with these latest wafer supply agreementsAbout ReneSolaReneSola Ltd ReneSola is a leading solar wafer manufacturer in China Capitalizing on proprietary technologies and technical know-how ReneSola manufactures monocrystalline and multicrystalline solar wafers which are thin sheets of crystalline silicon material primarily used in the production of solar cells In addition ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing ReneSola possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules ReneSolas shares are currently traded on the New York Stock Exchange and the AIM of the London Stock Exchange AIM SOLAL For more information about ReneSola please visit Safe Harbor StatementThis press release may contain 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 US Private Securities Litigation Reform Act of 1995 Whenever you read a statement that is not simply a statement of historical fact such as when we describe what we believeexpect or anticipate will occur what will or could happen and other similar statements you must remember that our expectations may not be correct even though we believe that they are reasonable We do 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 our filings with the US Securities and Exchange Commission including our registration statement on Form F-1 We undertake 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 our situation may change in the future For investor and media inquiries please contact In China Mr Charles Bai ReneSola Ltd Tel 86-573-8477-3061 Email Mr Derek Mitchell Ogilvy Public Relations Worldwide Beijing Tel 86-10-8520-6284 Email In the United States Mr Jeremy Bridgman Ogilvy Public Relations Worldwide New York Tel 1-212-880-5363 Email In the UK Mr Tim Feather Hanson Westhouse Limited Tel 44-20-7601-6100 Email ReneSola Ltd

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