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 Chinese
manufacturer of solar wafers, today announced that it has signed a six-year 525
megawatt ("MW") wafer supply agreement with Gintech Energy Corporation
("Gintech").
Under the terms of the agreement, ReneSola will supply Gintech with 525 MW of
solar wafers over a six-year period commencing in mid-2008. Gintech is a
leading manufacturer of solar cells and is publicly traded on the Taiwan 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 base as 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 http://www.renesola.com .
Safe Harbor Statement
This 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 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
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: charles.bai@renesola.com
Mr. Derek Mitchell
Ogilvy Public Relations Worldwide (Beijing)
Tel: +86-10-8520-6284
Email: derek.mitchell@ogilvy.com
In the United States:
Mr. Jeremy Bridgman
Ogilvy Public Relations Worldwide (New York)
Tel: +1-212-880-5363
Email: jeremy.bridgman@ogilvypr.com
In the UK:
Mr. Tim Feather
Hanson Westhouse Limited
Tel: +44-207-601-6100
Email: tim.feather@hansonwesthouse.com
SOURCE ReneSola Ltd
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