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ReneSola to Launch Its Revolutionary New Module Series - the Virtus II (R) and Micro Inverter Replus (R) - to the Australian Market at All Energy Australia 2012

MELBOURNE, Australia, Oct. 10, 2012 /PRNewswire/ -- Chinese module manufacturer ReneSola will launch its revolutionary new products, the Virtus II ® solar module and Micro Inverter Replus ® at All Energy Australia 2012, which will be held at the Melbourne Convention & Exhibition Centre, October 10 – 11, 2012.

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

ReneSola is tackling the solar energy market head on by introducing the "Virtus" range of solar modules which boast unbridled technology and by concurrently expanding its service offering to include micro inverters, an offering not matched by any of its competitors.

Meet the new Virtus II ® - the cost effective, low environmental footprint solar panel.

ReneSola's new Virtus cell technology - incorporated into the new Virtus II ® - features improvements in the silicon cast and handling processes which, while similar to the poly crystalline manufacturing process, result in a more homogenous crystalline structure.

Virtus II ® modules boast lower light induced degradation (LID), better performance in higher temperatures and lower cell-to-module loss (CTM), positioning them ahead of other mono crystalline modules in the market.

In fact, the cell efficiencies of the Virtus II ® are up to 17.6 percent, above that of other products.

The manufacturing process used by ReneSola to create the Virtus II ® modules has been streamlined such that products can be manufactured with less energy input, meaning that they're both environmentally friendly and cheaper to manufacture.

This, in turn, means that the Virtus II ® products are more cost effective for the end user, as well as boasting improved technology which means that they can provide an increased output in the range of 5-15 watt, depending on the module. The Virtus II ® help you save and save!

Increase the efficiency of solar energy systems with Micro Replus ® micro inverters

By extending its product range to include the Micro Replus ® micro inverters, ReneSola is on the way to becoming a PV system provider, before most of its competitors.

Micro Replus ® micro inverters are ETL certified, are available standalone or can be integrated with a ReneSola panel for a turn-key AC module.

Micro Replus® inverters also come complete with monitoring software, communications gateway hardware and cables which are equipped with MC4 compatible connectors.

By using micro inverters, energy output increases by an average of 16 percent, compared with the conventional string inverter which can lose efficiency due to light shadings.

Using the Micro Replus ® also means that module mismatching will be dramatically minimized, moreover, the simple plug and play system used by the Micro Replus ® means that installation times are drastically reduced and complex electrical wiring is a thing of the past!

Comprehensive re-insurance for product guarantees

ReneSola has proactively dealt with the overall skepticism in the market against companies from China by partnering with California-based insurance company PowerGuard to offer 10 year product insurance guarantees and 25 year performance guarantees on all modules offered by ReneSola.

This re-insurance offer was introduced on August 1, 2012 and is valid regardless of ReneSola's position in the market.

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, 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 further information or media interviews, please contact:

Kerryn Nelson
Big Mouth Marketing Communications Pty Ltd
Ph: 03 9785 3050 / 0417 035 536
E: kerryn.nelson@bigmouth.net.au

SOURCE ReneSola Ltd.