Leading Chinese Solar Wafers Manufacturer Signs Supply Agreement with Gintech Energy Corporation

ReneSola Ltd, a leading Chinese manufacturer of solar wafers, today announced that it has signed a six-year 525 megawatt wafer supply agreement with Gintech Energy Corporation.

Under the terms of the agreement, ReneSola will supply Gintech with 525 MW of solar wafers over a six-year period commencing in mid-2008. Gintech is a leading manufacturer of solar cells and is publicly traded on the Taiwan Stock Exchange.

"The recent wafer supply agreement with Gintech further demonstrates our commitment to expanding ReneSola's reach within key markets and strengthens our base of long-term customers," said Mr. Xianshou Li, ReneSola's chief executive officer. "Gintech's fast growth and well-known manufacturing capabilities will contribute to a diversified customer base as we increase our wafer production output."