ReneSola Signs 8 MW Module Sales Agreement with True Value Solar

JIASHAN, China, August 2, 2012 ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar wafers and solar modules, today announced it has sold 8 MW of its high-quality, high-performance monocrystalline solar modules to True Value Solar, Australia's largest solar specialist and one of the country's leaders in solar photovoltaic ("PV") installations. True Value Solar operates as part of the M+W Group, a global leader in engineering, construction, project management and advanced technology facilities responsible for the planning and construction of 40 solar PV plants around the world.

Under the terms of the agreement, ReneSola will ship a total of 8 MW of its high-quality, high-performance monocrystalline solar modules directly to True Value Solar's distribution sites in Australia by the end of this month.

Mr. Xianshou Li, ReneSola's chief executive officer, said, "This contract reflects the quality of our products as well as our commitment to research and development. Moreover, our business continues to grow in Australia, where our year-to-date shipments now top 45 MW and brand awareness of our products, particularly our Virtus line, continues to improve."

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