London, Sep. 30, 2009 (PR Newswire UK Disclose) -- 
ReneSola Announces Pricing of Follow-on Public Offering of 15,500,000 American 
                             Depositary Shares
    JIASHAN, China, Sept. 30 -- ReneSola Ltd ("ReneSola" or the "Company") 
(NYSE: SOL) (AIM: SOLA), a vertically integrated Chinese manufacturer of solar 
products, announced today that its follow-on public offering of 15,500,000 
American depositary shares, or ADSs, each representing two shares of no par 
value in the Company, was priced at $4.75 per ADS. The offering is expected to 
close on October 5, 2009. ReneSola has granted the underwriters a 30-day 
option to purchase up to an additional 2,325,000 ADSs. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 )
    ReneSola intends to use the net proceeds from the offering for general 
corporate purposes, including capital expenditures, working capital, and 
repurchases and redemptions of its U.S. dollar settled 1% convertible bonds 
due 2012, of which $99.0 million in aggregate principal amount was outstanding 
as of June 30, 2009. ReneSola may repurchase its convertible bonds through 
tender offers, open market purchases, negotiated transactions or otherwise. 
The Company's management will retain broad discretion over the use of 
proceeds, and the Company may ultimately use the proceeds for different 
purposes.
    Credit Suisse Securities (USA) LLC and UBS AG are joint bookrunners for 
the offering, and Lazard Capital Markets LLC is a co-manager for the offering. 
    This offering is being made under ReneSola's "shelf" registration 
statement on Form F-3 filed with the Securities and Exchange Commission on 
June 25, 2009. This press release does not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of these 
securities, in any jurisdiction in which such offer, solicitation or sale 
would be unlawful. The Company's registration statement on Form F-3 and 
preliminary prospectus supplement are available from the SEC website at: 
http://www.sec.gov. 
    Copies of the final prospectus supplement and the accompanying prospectus, 
when available, may be obtained by contacting Credit Suisse Securities (USA) 
LLC, Eleven Madison Avenue, New York, New York 10010-3629, U.S.A., or by 
telephone at 1-800-221-1037, or contacting UBS Investment Bank, Prospectus 
Department, 299 Park Avenue, New York, NY 10171, U.S.A., or by telephone at 1-
877-827-6444 ext. 561-3884. 
    About ReneSola
    ReneSola Ltd ("ReneSola") is a leading Chinese manufacturer of solar 
products based in China. Capitalizing on proprietary technologies and 
technical know-how, ReneSola's vertically integrated manufacturing 
capabilities include virgin polysilicon, monocrystalline and multicrystalline 
solar wafers, solar cells and solar modules.