September 25, 2012
ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced the release of Micro RePlus™, available as a standalone microinverter compatible with ReneSola and other industry-leading PV modules. Micro RePlus™ will lead the domestic microinverter market in performance, cost and production.
“Micro RePlus™ is what the industry has been waiting for, and we’re thrilled to bring this solution to the market,” said Kevin Chen, president of ReneSola America. “It combines features, such as 208 and 240 AC voltage options and an MPPT, or maximum power point tracking, efficiency greater than 99.5%, with a 25-year linear warranty to back up the performance promise, at a price nearly 20% lower than the current microinverter market. Micro RePlus™ also comes complete with monitoring software, communications gateway hardware, and cables equipped with MC4 compatible connectors. This gives customers the tremendous advantage of knowing exactly what they are paying for the entire package, as opposed to being faced with hidden extra costs associated with cables and connectors.”
Mr. Chen added, “We recognize the importance of bringing down the cost of complete solar PV installations, while keeping installations companies profitable, in order to make clean, solar power available to everyone. By offering installer-direct turnkey solutions, such as that of Micro RePlus™, prices for the end user are lower and margins for installers are greater. Our management recognizes this as a real value proposition based on its experience in the global PV industry.”
The smart design of ReneSola’s lightweight Micro RePlus™ makes for quick and easy installations and is designed to withstand harsh weather conditions with its weatherproof cabling and silicone potted enclosure. Micro Replus™ will be available for same-day shipping from ReneSola’s east and west coast U.S. warehouses beginning this fall. Just another way ReneSola is helping developers, financiers, and EPCs get more power for their dollar.
Founded in 2005, ReneSola (NYSE:SOL) is a leading global manufacturer of high-efficiency solar PV modules and wafers. 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 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, China, Greece, Spain, and Australia. For more information, please visit ReneSola.com.
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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.
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"We recognize the importance of bringing down the cost of complete solar PV installations, while keeping installations companies profitable, in order to make clean, solar power available to everyone. By offering installer-direct turnkey solutions, such as that of Micro RePlus™, prices for the end user are lower and margins for installers are greater." Kevin Chen President, ReneSola America
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