JIASHAN, China, Feb. 11, 2014 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading brand and technology provider of solar photovoltaic ("PV") products, today announced the formal launch of ReneSola Panama Inc. ("ReneSola Panama"), the Company's first branch office in Latin America. The office will be responsible for sales and marketing efforts across Latin America and the Caribbean region.

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"The new office will accelerate our expansion into emerging markets throughout Latin America in line with our strategy to expand our global presence. Our Panama office will manage the opening of our first distribution center in Latin America at the Colon Free Zone, in Colon City, Republic of Panama," said Mr. Xianshou Li, founder and chief executive officer of ReneSola. "Distribution from Panama will enable us to provide enhanced service to our customers in the region due to shorter transit times and lower transportations costs."

"The opening of our Panama office positions us to capture the immense growth potential in Latin America and the Caribbean by offering a broad range of photovoltaic modules, micro inverters, string inverters, LED, energy storage solutions and mounting systems," said Mr. Rogelio Puerta, General Manager of ReneSola Panama. "In combination with our local service model, we will leverage ReneSola's global experience and customer service software. This will enable us to rapidly provide our distributors and clients in Latin America and the Caribbean with customized high-quality products and service."

About ReneSola

Founded in 2005, ReneSola (NYSE:SOL) is a leading brand and technology provider of solar PV products. 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, China, Greece, Spain and Australia. For more information, please visit 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.

For investor and media inquiries, please contact:

In China:

Ms. Laura Chen
ReneSola Ltd
Tel: +86-21-62809180-162
E-mail: ir@renesola.com

Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-3073
E-mail: sol@ogilvy.com

In the United States:

Mr. Justin Knapp
Ogilvy Financial, U.S.
Tel: +1-616-551-9714
E-mail: sol@ogilvy.com

SOURCE ReneSola Ltd.