To enter the Middle East market Yuhui Solar off-grid photovoltaic technology

January 13, 2013, Dubai, United Arab Emirates - ReneSola (NYSE: SOL), a leading global provider of solar PV solar charge controller modules and silicon manufacturers, has announced that it will showcase at this year's World Future Energy Summit (WFES) its latest solar-based solutions, WFES will be held on Tuesday, January 15, 2013 at the Abu Dhabi National Exhibition Centre.

ReneSola participate 2013WFES, the Company has obtained the first contract in the Middle East, to Mecca, Medina, Saudi Arabia, Taibah University, 15KW solar modules used in off-grid power plant project to test from network solutions. Yuhui Solar's solar modules is expected to the holy city of Medina to Mecca Province in the beginning of the year, the plant will be used to charge the battery.

ReneSola's founder and CEO, Mr. Li Xianshou commented: "off-grid solutions, especially in conjunction with PV solar cell modules powered energy storage systems, and more cost-effective than using conventional means to small regional power supply. "At the same time, compared to the grid project, the photovoltaic system solutions can usually be completed faster connection, which provides additional incentive for developers to choose off-grid photovoltaic power generation.

We believe that the off-grid solutions will find a suitable position in the photovoltaic market, especially in emerging markets, such as Africa, South America and the Middle East, where we have seen the demand. As we appeared in the Saudi Arabia market, we will continue to expand their business and bring innovative photovoltaic system solutions in the region. '

Bloomberg reported that Saudi Arabia will invest $ 10.9 billion into solar energy, solar energy industry is expected to develop to be able to meet one-third of the electricity demand in 2032, will produce 16,000 MW of photovoltaic panels. Preparing for this year's first solar-powered facilities, it may take two years to complete.

Currently, about 3MW solar power installations in Saudi Arabia, behind the United Arab Emirates, Egypt, Morocco, Tunisia and Algeria. However, Saudi vacated more oil for export markets. The current oil prices are already high, is expected to significantly increase in the coming decades, solar energy will be a cleaner, more cost-effective alternative.

The ReneSola senior vice president, Mr. Zheng Zhidong added: "I believe that our components are very suitable for the solar panel climate of Saudi Arabia and the Middle East, especially our VirtusII components, it is able to produce high efficiency at the same time sensitive to temperature change is very low.

Our solar modules attenuation at least, to have a long life cycle and reliable power output. I believe that our components will be sold in the Mecca Province Medina, and will attract developers throughout the Middle East. '