ReneSola agrees to develop 150 MW Chinese solar power project

Jiashan, China, August 20, 2009 — ReneSola, a Chinese manufacturer of solar products, was granted the exclusive right in a letter of intent with the Taiyangshan Development Zone in Wuzhong city, to develop a 150 MW on-grid solar power project with a budgeted total investment of about US$706 million.

The project, which is subject to a feasibility study and government permits and approvals, has a four-year, four-phase construction period that is expected to begin in 2010.

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