ReneSola Solar Modules to Power Landmark Commercial and Retail Development
JIASHAN, China, Sept. 13, 2012 /PRNewswire/ — ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL), a leading global manufacturer of solar photovoltaic (“PV”) modules and wafers, today announced it has contracted to sell 512 kilowatts (“kW”) of its high-quality, high-efficiency solar modules to Cummings Properties, one of the most prominent full-service commercial real estate development and property management organizations in Massachusetts, for use on the rooftop solar system of Cummings Center, a two-million square foot corporate campus and retail center in Beverly, Massachusetts.
Under the terms of the agreement, ReneSola will ship 512 kW of its 305 watt (“W”) poly modules to Cummings Properties this month. Design and construction of the center’s rooftop solar system, as well as integration of ReneSola’s solar modules, will be performed by Cummings Properties. To date, Cummings Properties has completed six rooftop solar projects totaling approximately 1 MW, with roughly 1 MW of additional projects in construction or planning phases.
Mr. Xianshou Li, ReneSola’s chief executive officer, said, “Cummings Center is one of the most significant commercial real estate restorations in the northeastern United States, and we are excited to be a part of it. The center’s high visibility will help enhance ReneSola’s brand image in the region and demonstrate the high quality of our solar modules. This project underscores our commitment to the U.S. market, particularly in Massachusetts, and we look forward to opportunities to expand our presence there.”
Founded in 2005, ReneSola (NYSE:SOL) is a leading global supplier of high-efficiency solar PV modules and wafers. Capitalizing on proprietary technologies, economies of scale, high production quality, and technological innovations and know-how, ReneSola leverages its in-house virgin polysilicon and solar cell and module production capabilities to provide customers with high-quality, cost-competitive solar wafers and modules. ReneSola possesses a global network of suppliers and customers which includes leading global module and cell manufacturers. With its vertically integrated supply chain, ReneSola customers are receiving their solar modules and wafers direct from the source. ReneSola solar modules are among the best in their class with respect to annual kilowatt-hour output and can be found in projects ranging in size from a few kilowatts to multi-megawatts all around the world. For more information please visit http://www.renesola.com/.
About Cummings Center
Cummings Center is a two-million square foot corporate campus and retail center in Beverly, Massachusetts that was formerly the headquarters of United Shoe Machinery Corporation, a Massachusetts landmark since 1903. A top-to-bottom restoration transformed “the Shoe” into a vibrant commercial center that serves a new century of business with high-quality office, retail, laboratory, and research space and is home to more than 500 diverse businesses.
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:
Mr. Tony Hung
Mr. Derek Mitchell
Ogilvy Financial, Beijing
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
SOURCE ReneSola Ltd.