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RENESOLA LTD - ReneSola Closes Follow-on Public Offering
Monday, October 05, 2009 11:19 AM


London, Oct. 5, 2009 (PR Newswire UK Disclose) -- 
 ReneSola Closes Follow-on Public Offering of 15,500,000 American Depositary 
                                    Shares 
 
    JIASHAN, China, Oct. 5 -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: 
SOL) (AIM: SOLA), a vertically integrated Chinese manufacturer of solar power 
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 closed on October 5, 2009. The Company received 
aggregate net proceeds of approximately $70.7 million, after deducting discounts 
and commissions but before offering expenses.  
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    Credit Suisse Securities (USA) LLC and UBS AG acted as joint bookrunners 
for the offering, and Lazard Capital Markets LLC acted as 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.  
    Application has been made for the 31,000,000 new shares in the Company 
issued in the offering to be admitted to trading on AIM.  It is expected that 
admission will take place on October 6, 2009. 
    Copies of the final prospectus supplement and the accompanying prospectus 
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 power 
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. ReneSola possesses a global 
network of suppliers and customers that include some of the leading global 
manufacturers of solar cells and modules. ReneSola's shares are currently 
traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the London 
Stock Exchange (AIM: SOLA).  
 
    For investor and media inquiries, please contact: 
 
    In China: 
     
    Ms. Julia Xu 
    ReneSola Ltd 
    Tel: +86-573-8477-3372 
    Email: julia.xu@renesola.com 
 
    Mr. Derek Mitchell 
    Ogilvy Financial, Beijing 
    Tel: +86-10-8520-6284 
    Email: derek.mitchell@ogilvy.com 
 
    In the United States: 
     
    Ms. Jessica Barist Cohen 
    Ogilvy Financial, New York 
    Tel: +1-646-460-9989 
    Email: jessica.cohen@ogilvypr.com 
 
    In the United Kingdom: 
 
    Mr. Tim Feather / Mr. Richard Baty 
    Hanson Westhouse Limited, London 
    Tel: +44-20-7601-6100 
    Email:  tim.feather@hansonwesthouse.com 
            richard.baty@hansonwesthouse.com 
 
SOURCE  ReneSola Ltd 
    CONTACT: Ms. Julia Xu, ReneSola Ltd, +86-573-8477-3372, 
julia.xu@renesola.com, Mr. Derek Mitchell, Ogilvy Financial, Beijing, +86-10-
8520-6284, derek.mitchell@ogilvy.com; In the United States: Ms. Jessica Barist 
Cohen, Ogilvy Financial, New York, +1-646-460-9989, jessica.cohen@ogilvypr.com; 
In the United Kingdom: Mr. Tim Feather, tim.feather@hansonwesthouse.com or Mr. 
Richard Baty, richard.baty@hansonwesthouse.com, Hanson Westhouse Limited, 
London, +44-20-7601-6100 
    Photo:  NewsCom: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 
    Web site: http://www.renesola.com 
    (SOL SOLA.L) 

END
RENESOLA LTD
(Source: iStockAnalyst )


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