ReneSola Vouches for its Increasing Commitment to India

ü  Targets to grab 10% of the MW scale projects worth INR 600 crores and 15% of the Off Grid Market in India

ü  Aims to expand its presence as well as product portfolio in the Indian market by end of 2015

ü  Launches Virtus III AC Module in India

New Delhi, September 12, 2013 - ReneSola India Pvt Ltd (NYSE: SOL), a leading brand and technology provider of solar photovoltaic (PV) modules and wafers, today announces its growing commitment to Indian market by augmenting their OEM partners in India, expanding its product portfolio, and opening multiple logistic and warehouse facilities across cities like Hyderabad, Mumbai, Kolkata, and Delhi in the next 2-3 years. The company has recently set up its corporate office in Mumbai with a full-fledged team and experienced partnerships with large EPC companies in India.

The global solar PV provider aims to diversify and expand its product portfolio in the Indianmarket by end of 2013 by introducing products like micro inverters, string inverters, mountingstructures, power storage systems, monitoring systems, LEDs, and other green products. whichwill steer them quickly to reach 10 categories and 1,000 catalogues by the end of 2014. So far ReneSola India has sold around 110MW modules in India out of a total 1.5GW installations which include 5.5MW project in Phalodi and Rajasthan by Solar Direct,  1.5MW project in Gujarat bySun Edison, and 54MW project in Neemuch MP by Welspun .

Mr. Surendra Kumar Mishra, General Manager of ReneSola India Pvt Ltd, stated, “Considering the growing demand of the solar power in the Indian market, which is estimated at 12.6GW by 2016, the Indian solar industry is likely to witness immense acceleration in investmentfrom global solar players. ReneSola targets to grab 10% of the MW scale projects which stands at 150MW or INR 600 crores and 15% of the Off Grid Market in India standing at INR 120 crores. This will further rise to 25% of MW scale projects and 50% of the Off Grid Market by 2020. ”

Speaking on the success of the Virtus III and upcoming launch of the newer Virtus III modules in 2013, Mr. Harry Xu, Sales Director, APAC at ReneSola, states, “Our Virtus III panels integrates with ReneSola micro inverters and are PID free which is most suitable for high temperature and humidity environments like India. The solar modules that we offer are certified by international organizations. Our clients can be assured that our modules are exceptionally durable, environmentally friendly, and have excellent price-performance ratio.”

About ReneSola: Founded in 2005, ReneSola (NYSE: SOL) is a leading brand in and technology provider of solar PV modules and wafers with 17 subsidiaries worldwide. Leveraging its proprietary technologies, economies of scale and technical expertise, ReneSola uses in-house virgin polysilicon and a vertically integrated business model to provide customers with high-quality, cost-competitive products. ReneSola solar modules have scored top PVUSA Test Conditions (PTC) ratings with high annual kilowatt-hour output, according to the California Energy Commission (CEC). ReneSola solar PV modules can be found in projects ranging in size from a few kilowatts to multi-megawatts in markets around the world, including the United States, Germany, Italy, Belgium, Greece, Spain, China and Australia. In India, it has its registered office in Kolkata, ReneSola has recently opened its Corporate Office in Mumbai For more information, please visit http://www.renesola.com/.

Safe Harbor Statement

This press release contains statements that constitute ''forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company’s expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company’s situation may change in the future.

Regards,

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Gaurav Goswami, Asst.Account Executive +91 9971285716