U.S. Developers and EPC's Commend ReneSola's Quality after Visiting
ReneSola Opens Factory Doors to Customers
SHANGHAI, Oct. 25, 2012
SHANGHAI, Oct. 25, 2012 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the
"Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic
("PV") modules and wafers, invited several of its U.S. customers to tour its
Yixing manufacturing facilities in China's Jiangsu province. Customers got an
up close and firsthand look at the Company's cell and module manufacturing
lines, and environmental testing lab. ReneSola offered this factory tour to
show customers its facilities are clean, state of the art and provide
above-standard working conditions.
"There sometimes tends to be a negative stigma associated with Chinese
manufacturing facilities, which is why we wanted to make it clear to our
customers that ReneSola's cell and module manufacturing facilities are among
the best in the industry, regardless of the country," said Kevin Chen,
president of ReneSola America. "The customers who toured our facilities were
really taken back by the cleanliness and quality of our facilities, as well as
the quality assurance and the start-to-finish module manufacturing process, to
which we pay extremely close attention."
ReneSola's Yixing facilities are comprised of cell and module production
lines. The plant's facilities, which continuously operate at full capacity,
manufacture approximately 1.2 GW per year in modules and 300 MW per year in
cells. The facilities' independent on-site lab provides continuous
communication with TUV and UL to uphold its very stringent testing processes
and maintain the factory's IEC 61215 listing. This location employs more than
3,300 people, with an additional 300 to be hired by the end of 2012.
ReneSola's modules are also insured by PowerGuard, a third-party firm that
insures guaranteed power production for the life of the modules. ReneSola
leads the PV industry with technology innovation and is the recipient of the
prestigious Deloitte Technology Fast 50 award. Customers, who also visited the
Company's world headquarters in Shanghai, were pleased with what they
"Asa project developer, our concerns areprice, product quality and
reliability,predictability of delivery, and service and product support.
Recently, we had the opportunity to visit ReneSola's manufacturing facilities.
We found them to be of the highestquality," said Robert Grant, president and
owner of CRL Solar, LLC."We have vetted numerous manufacturers and believe
that ReneSola has the performance characteristics that we need, and the
ability to deliver and provide product support as promised. We look forward to
working with the ReneSola team on our next project."
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, China, Greece, Spain, and Australia. For more
information, please visit 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
theU.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:
SOURCE ReneSola Ltd.
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