Thursday, May 15, 2008

ReneSola Announces Six-Year 525 MW Solar Wafer Supply Agreement with Gintech Energy Corporation

JIASHAN, China, May 14 /Xinhua-PRNewswire-FirstCall/ -- ReneSola Ltd("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA.L), a leading Chinesemanufacturer of solar wafers, today announced that it has signed a six-year525 megawatt ("MW") wafer supply agreement with Gintech Energy Corporation("Gintech").

Under the terms of the agreement, ReneSola will supply Gintech with 525MW of solar wafers over a six-year period commencing in mid-2008. Gintechis a leading manufacturer of solar cells and is publicly traded on theTaiwan Stock Exchange.

"The recent wafer supply agreement with Gintech further demonstrates our commitment to expanding ReneSola's reach within key markets and strengthens our base of long-term customers," said Mr. Xianshou Li, ReneSola's chief executive officer. "Gintech's fast growth and well-known manufacturing capabilities will contribute to a diversified customer baseas we increase our wafer production output."

About ReneSola

ReneSola 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. ReneSola's shares are currently traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the London Stock Exchange (AIM:SOLA.L). For more information about ReneSola, please visit .

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