ReneSola: Phase 1 Trial Production launched
ReneSola Ltd., a leading global manufacturer of solar wafers, announced that it has successfully commenced trial production on the first batch of polysilicon from Phase 1 of its two-phase, 3,000 metric tonne ("MT") annualized capacity polysilicon manufacturing facility located in China's Sichuan province.
"The launch of our in-house polysilicon manufacturing facility represents another exciting strategic milestone for ReneSola," commented Mr. Xianshou Li, ReneSola's chief executive officer. "As an integral part of our vertical integration strategy, this state-of-the-art facility is designed to enhance our competitiveness as we benefit from cost synergies associated with upstream integration. The production output from this new facility will provide us with a stable, cost-effective flow of polysilicon as we strengthen our position as one of the world's leading, low-cost, fully integrated solar companies."
ReneSola's two-phase, 3,000 MT annualized capacity polysilicon manufacturing facility utilizes the Siemens process and a closed loop system to produce polysilicon. Phase 2 of the facility, representing approximately 1,500 MT annualized capacity, is scheduled to reach mechanical completion in September 2009.
ReneSola Ltd ("ReneSola") is a leading global manufacturer of solar wafers based in China. Capitalizing on proprietary technologies and technical know- how, ReneSola manufactures monocrystalline and multicrystalline solar wafers. In addition, ReneSola strives to enhance its competitiveness through upstream integration into virgin polysilicon manufacturing. ReneSola possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules. ReneSola's shares are currently traded on the New York Stock Exchange and the AIM of the London Stock Exchange (AIM: SOLA). For more information about ReneSola, please visit http://www.renesola.com/ .
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