February 14, 2014
ReneSola Ltd ("ReneSola") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, announced that it provided 10,000 of its high efficiency solar PV modules to Chevron Energy Solutions, one of the largest installers of solar power in the United States, for a 3.1MW multi-site project in Lemoore, California. The multi-array project will consist of 2.85MW of ReneSola's 72-cell 300W polycrystalline modules and 260KW of 260W monocrystalline modules.
"Solar industry experts recognize the due diligence Chevron Energy Solutions follows. Their standards for module suppliers are perhaps the strictest in the industry," said Mr. Kevin Chen, president of ReneSola America. "We are confident Chevron will be pleased with our modules and look forward to working with them on more projects in the future."
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 Chevron Energy Solutions
Chevron Energy Solutions is one of the largest installers of solar power in the U.S. public sector and has developed hundreds of projects that have built renewable energy capacity, increased energy efficiency, reduced energy costs and supported sustainability. Its parent, Chevron Corporation, invests across the energy spectrum to develop energy sources for future generations by expanding the capabilities of alternative and renewable energy technologies. For more information: www.chevronenergy.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 more information:
Contact person: Mr. Derek Mitchell
Ogilvy Financial, Beijing
Contact person: In China; Ms. Laura Chen
Contact person: In the United States: Mr. Brian Armentrout
Contact person: Mr. Justin Knapp
Ogilvy Financial, U.S.
Tel: Tel: +1-616-551-9714