RENESOLA LTD.
ReneSola Supplies 10.4 MW of High-Efficiency Modules to Saferay Project in Japan

ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, announced that it supplied 10.4 MW of high-efficiency polycrystalline PV modules to Saferay Ltd. for a ground-mounted PV project in Japan.

The project, located around Date city in Hokkaido prefecture, is expected to be completed by the end of November. Germany-based Saferay is an independent large-scale power station developer, with more than 800 MW of PV power generation systems installed worldwide.  Delivery of the modules was completed in October. 

"We are delighted to work with ReneSola for this project in Japan; ReneSola has always been our trusted partner," said Thomas Gnefkow, Managing Director and CEO Asia Pacific for Saferay. "They provide excellent and efficient modules, and the service is very timely as well."

Linfeng Zhang, ReneSola Japan General Manager, said: "We are honored to work with Saferay again, and will continue to provide excellent products and timely customer service. Helping our customers to successfully develop their projects is our primary objective."

"Despite increasing market saturation, demand for solar energy in Japan is still very strong.  We look forward to further supporting solar deployment in the country with our cost-effective, high quality products," added Zhang.

Japan was one of the first advanced economies to invest heavily in new energy and launched a series of policies to support solar. It is currently among the top three markets for PV demand worldwide. By the end of 2015, Japan's total installed PV power-generating capacity reached 34 GW, accounting for 3.5% of annual electricity demand, according to official data.

About ReneSola

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world.