Landmark Commercial Development Selects ReneSola Modules for Second Project
ReneSola to Provide Solar Modules for Second Cummings Center Project in
SAN FRANCISCO, Calif., March 15, 2013
SAN FRANCISCO, Calif., March 15, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola"
or the "Company") (NYSE: SOL), a leading global manufacturer of solar
photovoltaic ("PV") modules and wafers, today announced it has been contracted
to provide 460 kilowatts ("kW") of its high-efficiency solar modules to
Cummings Properties, one of the most prominent full-service commercial real
estate development and property management organizations in Massachusetts. The
solar modules will make up the rooftop solar system of Cummings Center, a
two-million square foot corporate campus and retail center in Beverly,
Massachusetts. This is the second project for which Cummings Center has
selected ReneSola modules. The first project, built last fall, was 530 kW,
bringing the total contracted by Cummings Center to nearly 1 megawatt ("MW").
(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030 )
ReneSola will ship 460 kW of its 305 watt ("W") poly modules to Cummings
Properties next month. Design and construction of the center's rooftop solar
system, as well as the integration of ReneSola's solar modules, will be
performed by Cummings Properties. To date, Cummings Properties has completed
seven rooftop solar projects totaling approximately 1.5 MW, in addition to
this most recent project.
"It's gratifying to win a single project, but repeat business is a true
indicator of a manufacturer's quality, performance and service," said Kevin
Chen, president of ReneSola America. "We're thrilled to be the supplier of
this second installation for Cummings Properties, and we're certain they'll be
just as pleased with this shipment as they were with the first. As a fairly
new player to the U.S. solar marketplace, we're quickly gaining significance
with several high profile projects, including that of Cummings Center. We are
pleased that ReneSola is becoming a trusted name among the industry's most
sophisticated and respected project developers and installers in the North and
Latin America marketplaces."
"The service, support and logistics provided by ReneSola for Cummings Center's
previous project were excellent," said Gary Gresh, sustainability manager of
Cummings Properties. "We look forward to working with ReneSola as we continue
our efforts to become a more sustainable operation through the implementation
and adoption of solar power."
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.
About Cummings Center
Cummings Center is a two-million-square-foot corporate campus and retail
center in Beverly, Massachusetts. The site was formerly the headquarters of
United Shoe Machinery Corporation, a Massachusetts landmark since 1903. A
top-to-bottom restoration transformed "the Shoe" into a vibrant commercial
center that serves a new century of business with high-quality office, retail,
laboratory, and research space and is home to more than 500 diverse
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:
Mr. Brian Armentrout
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.
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