ReneSola Establishes Asia-Pacific, Middle East and Africa Regional Sales
Headquarters in Singapore
JIASHAN, China, Oct. 24, 2012
JIASHAN, China, Oct. 24, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the
"Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic
("PV") modules and wafers, today announced the establishment of its
Asia-Pacific, Middle East and Africa regional sales headquarters in Singapore.
This announcement comes in conjunction with the Singapore International Energy
In order to strengthen its business practice in Asia Pacific, the Middle East
and Africa, as well as take advantage of Singapore's strength as a financial
and talent hub in Southeast Asia, ReneSola has set up its sales office with
its subsidiary in Singapore, ReneSola Singapore Pte., Ltd. ("ReneSola
Singapore"). Located on Toh Guan Road East, Singapore, this new office will
deal with all the major markets in Asia Pacific, the Middle East and Africa to
further drive sales and business development for the Company in these regions.
"We are delighted to announce the opening of our regional sales office in
Singapore," commented Mr. Xianshou Li, founder and chief executive officer of
ReneSola. "Singapore is a financial and talent hub for clean technology and a
favorable environment to facilitate large-scale adoption of solar energy.
Given our track record of global successes and the strong support from the
Singapore Economic Development Board, we expect to establish a deeper
connection with our new location."
"We warmly welcome ReneSola's decision to establish its regional sales office
in Singapore," said Mr. Goh Chee Kiong, director of Cleantech at the Singapore
Economic Development Board. "This investment will add to the vibrancy of our
solar ecosystem and strengthen the development of Singapore as a global clean
energy hub. It also affirms how Singapore is viewed increasingly as the
internationalisation platform for leading Asian clean technology enterprises."
Founded in 2005, ReneSola (NYSE:SOL) is a leading global manufacturer of
high-efficiency solar PV modules and wafers. 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, Greece, Spain, China and Australia. For more
information, 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 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:
Mr. Tony Hung
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.
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