ReneSola Completes Delivery of 2MW of Virtus II Modules for Uenohara Mega Solar Project in Japan

ReneSola

, today announced that, under its contract with NIPPON STEEL & SUMIKIN BUSSAN MATEX CO., LTD. ("NIPPON STEEL"), a Tokyo-based provider of steel and industrial supply, the Company has successfully completed delivery of 2MW of its highest-efficiency polysilicon modules, VirtusⅡ® 260W, in support of a 4MW mega solar project in Uenohara-shi, Yamanashi Prefecture, Japan. Delivery of the modules had commenced in April of this year as assembly of the ground-mounted project began. This Uenohara solar project in the Yamanashi area is operated by MDI-SB Solar Corporation, a joint venture company between Mitsuboshi Diamond Industrial Co., Ltd., an Osaka-based provider of cutting equipment for glass, LCD, and OLED, and NIPPON STEEL and is officially delivering power to the grid. Mayor of Yamanashi prefecture, Eguchi, attended a ceremony to celebrate the completion. (Logo: http://photos.prnewswire.com/prnh/20080506/CNTU030 ) ReneSola has contracted with NIPPON STEEL to provide an additional 3MW of 260W VirtusⅡ® modules over the next two months. Further negotiations are under way regarding the supply