×

ReneSola to Launch Optimized Virtus II (R) Plus 250 Solar Module to the Australian Market at All Energy Australia 2012

MELBOURNE, Australia, Oct. 10, 2012 /PRNewswire/ -- As Chinese manufacturer ReneSola looks to upgrade and optimize its product line, the Company will launch its optimized Virtus II ® module, Virtus II ® Plus 250, 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)

Following the successful launch of quasi-mono product Virtus I in the first half of 2012, ReneSola has grown its presence in a number of key PV markets around the world. Since then, the Company has introduced the highly efficient Virtus II ®, which improves upon traditional multicrystalline processes and has received positive feedback from customers. The new Virtus II ® Plus 250 enhances ReneSola's current Virtus II ® product line and displays a strong commitment to its customers.

The Virtus II ® Plus 250 module experiences a low initial decay in power output, has an increased power output tolerance of 5 W to 10 W and provides an improved linear power output guarantee that is 2% higher than in previous solar modules. With a power output of 250 W after the initial decay, the launch of the Virtus II ® Plus 250 makes ReneSola one of the few PV manufacturers committed to providing a certain power output to customers after initial decay. ReneSola guarantees 92% of initial power output within 10 years and 82% of initial power output within 20 years for its Virtus II ® Plus 250 modules, promoting a higher annual generating system capacity of 2%, which will result in higher returns and higher income for ReneSola's customers.

ReneSola is committed to providing customers with more efficient, better optimized and less costly PV products. The Company will continue to launch new products to deliver innovation and efficiency to its customers.

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.