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ReneSola's Virtus Module Tops PHOTON International's December Rankings



    ReneSola's Virtus Module Tops PHOTON International's December Rankings

PR Newswire

JIASHAN, China, Jan. 7, 2013

JIASHAN, China, Jan. 7, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the
"Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic
("PV") modules and wafers, today announced its 245 W quasi-monocrystalline
Virtus I module ranked first in terms of performance ratio among all
comparable modules for the month of October, as tested by PHOTON
International, a leading solar power trade publication.

(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030)

As part of a comprehensive and ongoing comparative study by PHOTON
International's laboratory affiliate, PHOTON Laboratory GmbH, the Virtus I
exhibited a 98.9% performance ratio under real-life conditions of differing
levels of solar irradiation. In the same study, ReneSola's polysilicon module
exhibited a 98% performance ratio, and was among the best performers in its
category for the month of October.

Performance ratio represents the actual amount of solar power produced in
comparison to the maximum possible power output. With more than 170 different
modules from over 100 manufacturers, the PHOTON study is widely regarded as
one of the largest and most accurate of its kind. The complete results are
available in the December issue of the PHOTON International magazine.

"This outstanding result is a direct result of our long-standing commitment to
research and development," said Mr. Xianshou Li, founder and chief executive
officer of ReneSola. "Not only do our quasi-mono Virtus products surpass their
monocrystaline competitors in terms of energy efficiency and manufacturing
costs, they feature an average energy conversion efficiency of 18.2%,
exceeding the industry average for conventional multicrystalline wafers of
16.5%. As we expand our sales and marketing efforts across the Americas,
Europe, the Middle East and elsewhere, our customers can have confidence in
the unique combination of value and performance delivered by our Virtus
technology."

Mr. Qingke Xiang, PHOTON Laboratory's module test project manager, said, "We
congratulate ReneSola on its outstanding performance. The Company's success
reflects the R&D achievements of Chinese module manufacturers competing at the
forefront of the solar industry."

The model numbers of the Virtus I quasi-mono and polysilicon modules as tested
by PHOTON are JC245M-24/Bbv and JC245M-24/Bb, respectively.

About ReneSola

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
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:

In China:

Mr. Tony Hung
ReneSola Ltd
Tel: +86-573-8473-9011
E-mail:  ir@renesola.com

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-3073
E-mail:  sol@ogilvy.com

In the United States:

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

SOURCE ReneSola Ltd.

Website: http://www.ReneSola.com
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