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Alternative Energy: ReneSola Closes Supply Agreements

August 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — ReneSola Ltd. (NYSE: SOL) (AIM: SOLA), a Chinese manufacturer of solar wafers and provider of solar module original equipment manufacturer services, said that it has signed two wafer supply agreements to provide two Taiwan-listed solar companies with around 836 MW of monocrystalline and multicrystalline solar wafers.

The company said it signed a wafer supply agreement with Neo Solar Power Corp. Under the terms of the contract, ReneSola will supply NSP with around 293 MW of multicrystalline wafers from July 2010 to December 2013 and around 141 MW of monocrystalline wafers from October 2010 to December 2013.

ReneSola also signed a wafer supply agreement with Solartech Energy Corp. Under the terms of the contract, ReneSola will supply Solartech Energy with around 402 MW of multicrystalline wafers from July 2010 to December 2013.

China-based ReneSola has a network of suppliers and customers that includes manufacturers of solar cells and modules.

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