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ReneSola to Provide 57 MW of Virtus PV Modules to Isolux Corsan

January 27, 2014

JIASHAN, China - ReneSola Ltd. announced an agreement to provide Isolux Corsan, a global benchmark in the areas of concessions, energy, construction and industrial services and a leader in engineering, procurement and construction ("EPC") projects for solar PV plants, with 57 megawatts ("MW") of Virtus PV modules for installation in three commercial PV projects in the United Kingdom.

According to the terms of the agreement, ReneSola will deliver 57 MW of Virtus PV modules with an average power output of 250 W. The modules will be installed at projects in Cornwall, Dorset, and Norfolk in the United Kingdom. ReneSola began delivery in December 2013 and the three projects are expected to connect to the grid in March of this year.

"We are proud to deepen our relationship with Isolux Corsan, a leading EPC with stringent requirements for its partners," said Mr. Xianshou Li, ReneSola's chief executive officer. "This collaboration follows our successful partnership with Isolux Corsan regarding another UK solar project at the end of last year, and will help us solidify our local market share while building long-term relationships with leaders across the solar industry. The modules for these projects will be manufactured by OEMs in Poland and India, which follows our strategy of increasing use of OEMs in select markets."

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