REG-ReneSola LTD: ReneSola Launches Phase 1 Trial Production

ReneSola Launches Phase 1 Trial Production at its 3,000 MT Polysilicon
Manufacturing Facility

JIASHAN, China, July 14 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd
("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global
manufacturer of solar wafers, today announced that it has successfully
commenced trial production on the first batch of polysilicon from Phase 1 of
its two-phase, 3,000 metric tonne ("MT") annualized capacity polysilicon
manufacturing facility located in China's Sichuan province.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 )
"The launch of our in-house polysilicon manufacturing facility represents
another exciting strategic milestone for ReneSola," commented Mr. Xianshou Li,
ReneSola's chief executive officer. "As an integral part of our vertical
integration strategy, this state-of-the-art facility is designed to enhance
our competitiveness as we benefit from cost synergies associated with upstream
integration. The production output from this new facility will provide us with
a stable, cost-effective flow of polysilicon as we strengthen our position as
one of the world's leading, low-cost, fully integrated solar companies."
ReneSola's two-phase, 3,000 MT annualized capacity polysilicon
manufacturing facility utilizes the Siemens process and a closed loop system
to produce polysilicon. Phase 2 of the facility, representing approximately
1,500 MT annualized capacity, is scheduled to reach mechanical completion in
September 2009.

About ReneSola
ReneSola Ltd ("ReneSola") is a leading global manufacturer of solar
wafers based in China. Capitalizing on proprietary technologies and technical
know-how, ReneSola manufactures monocrystalline and multicrystalline solar
wafers. 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). For more information about ReneSola, please
visit http://www.renesola.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 we describe what we "believe," "expect" 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 U.S. Securities and Exchange Commission, including our
annual report on Form 20-F. 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:

Ms. Julia Xu
ReneSola Ltd
Tel: +86-573-8477-3372
Email: julia.xu@renesola.com

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com

In the United States:

Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvypr.com

In the United Kingdom:

Mr. Tim Feather / Mr. Richard Baty
Hanson Westhouse Limited, London
Tel: +44-20-7601-6100
Email: tim.feather@hansonwesthouse.com
richard.baty@hansonwesthouse.com

SOURCE ReneSola Ltd

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