North Coast Solar Stocks

July 14, 2009

ReneSola Launches Phase 1 Trial Production at its 3,000 MT Polysilicon Manufacturing Facility

Filed under: SOL — Tags: , , , , — Jason @ 4:03 am

Tuesday July 14, 2009, 4:03 am EDT

JIASHAN, China, July 14 /PRNewswire-Asia-FirstCall/ — ReneSola Ltd (“ReneSola” or the “Company”) (SOL), a leading global manufacturer of solar wafers, today announced that it has successfully commenced trial production on the first batch of polysilicon from Phase 1 of its two-phase, 3,000 metric tonne (“MT”) annualized capacity polysilicon manufacturing facility located in China’s Sichuan province.

“The launch of our in-house polysilicon manufacturing facility represents another exciting strategic milestone for ReneSola,” commented Mr. Xianshou Li, ReneSola’s chief executive officer. “As an integral part of our vertical integration strategy, this state-of-the-art facility is designed to enhance our competitiveness as we benefit from cost synergies associated with upstream integration. The production output from this new facility will provide us with a stable, cost-effective flow of polysilicon as we strengthen our position as one of the world’s leading, low-cost, fully integrated solar companies.”

ReneSola’s two-phase, 3,000 MT annualized capacity polysilicon manufacturing facility utilizes the Siemens process and a closed loop system to produce polysilicon. Phase 2 of the facility, representing approximately 1,500 MT annualized capacity, is scheduled to reach mechanical completion in September 2009.

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