ReneSola’s Sichuan Polysilicon Facility Unaffected by Sichuan Earthquake
Management expresses its deepest condolences to the affected areas and people
JIASHAN, China, April 20, 2013 /PRNewswire/ — ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL), a leading global manufacturer of solar photovoltaic (“PV”) wafers and modules, confirms its Sichuan employees are safe and its Sichuan polysilicon facility has been unaffected by the magnitude-7.0 earthquake that struck Ya’an city in Lushan County, Sichuan Province today.
Ya’an, a Sichuan city near the borders of Tibet and Yunnan, is approximately 135 kilometers from ReneSola’s polysilicon facility in Meishan, Sichuan. While the earthquake was felt by staff at ReneSola’s polysilicon facility, it did not cause any injuries to the Company’s staff or have any impact on the Company’s property, plant and equipment, which continue to operate at normal capacity. ReneSola will continue to monitor the impact of the earthquake.
ReneSola’s chief executive officer, Mr. Xianshou Li, said, “Immediately after the earthquake struck this morning, we reached out to our polysilicon facility staff to ensure our employees were safe and our facilities were intact. While both our employees and facilities appear unaffected, we remain concerned for those affected by the earthquake. We will do everything we can to assist the disaster recovery and those affected. We will continue to monitor the situation closely for any new developments.”
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, China, Greece, Spain and Australia. For more information, please visit 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 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.