ReneSola to Provide 364.7 KW in Modules and Inverters to Vista Solar
SAN FRANCISCO, Dec. 19, 2013
SAN FRANCISCO, Dec. 19, 2013 /PRNewswire/ -- ReneSola Ltd ("ReneSola") (NYSE:
SOL), a leading brand and technology provider of solar photovoltaic ("PV")
products, today announced collaborative projects with Silicon Valley-based
solar integrator Vista Solar.
(Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030 )
A 315 kW array is being constructed for Therm-X, a thermal solutions company
based in California, and will be powered by ReneSola's 305W polycrystalline
panels. Two additional systems totaling nearly 50 kW have been constructed for
Our Lady of Peace Church and Saint Justin School. Both sites will host solar
systems featuring ReneSola's 255W polycrystalline and 255W monocrystalline
In addition, Vista Solar is testing ReneSola's microinverters and string
inverters on a demo rooftop project with DCL, a Silicon Valley-based
technology manufacturing, fulfillment, and logistics services provider.
"Our number one goal for all of our clients is to design systems that generate
the lowest cost per kilowatt hour and the greatest long-term savings without
sacrificing quality of craftsmanship," said Jaymes Callinan, vice president of
Vista Solar. "After touring ReneSola's factory, carefully reviewing their
financials and installing test systems to confirm output projections, we felt
confident in partnering with Renesola on these important Silicon Valley
installations. Now that the systems are installed, they look beautiful and are
Kevin Chen, president of ReneSola America added, "We are pleased to have been
selected to provide our high-efficiency Virtus II polycrystalline modules to
these Silicon Valley projects in collaboration with esteemed solar integrator
Vista Solar. The sites for the arrays are Silicon Valley landmarks, and we are
thrilled that our high-quality solar products will benefit this sizeable
community. We hope to secure future projects in the Bay Area through our
ongoing relationship with Vista Solar, given the company's dedication to a
quality integration process."
Founded in 2005, ReneSola (NYSE:SOL) is a leading brand and technology
provider of solar PV products. 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 Vista Solar
Vista Solar is a wholly-owned subsidiary of 25-year silicon distributor,
Silicon Valley Microelectronics (SVM), which specializes in commercial PV
solar design and installation. Backed by nearly three-decades of silicon and
solar-industry experience, nearly 100 solar installations, and +6 megawatts of
solar power systems installed across California, Vista Solar has a
demonstrated ability to deliver solar solutions that generate dependable
energy production and significant long-term financial benefits. For more
information, please visit www.vista-solar.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:
Ms. Laura Chen
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Mr. Brian Armentrout
Mr. Justin Knapp
Ogilvy Financial, U.S.
SOURCE ReneSola Ltd.
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