SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

    Information to be Included in Statements Filed Pursuant to Rule 13d-1(b),
                    (c) and (d) and Amendments Thereto Filed
                             Pursuant to Rule 13d-2
                    Under the Securities Exchange Act of 1934
                             (Amendment No. _____)*

                                  ReneSola Ltd
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                                 Ordinary Shares
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   G7500C 106
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2008
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      |_|   Rule 13d-1(b)

      |_|   Rule 13d-1(c)

      |X|   Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 2 - -------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Yuncai Holdings Limited - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if A Member of A Group (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization British Virgin Islands - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of 19,294,970 ordinary shares Shares ------------------------------------------------------ 6 Shared Voting Power Beneficially 0 Owned by ------------------------------------------------------ 7 Sole Dispositive Power Each 19,294,970 ordinary shares Reporting ------------------------------------------------------ 8 Shared Dispositive Power Person With 0 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 19,294,970 ordinary shares - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount In Row 9 14.0% - -------------------------------------------------------------------------------- 12 Type of Reporting Person CO - --------------------------------------------------------------------------------

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 3 - -------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Yuncai Wu - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if A Member of A Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization People's Republic of China - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of 10,214,195 ordinary shares Shares ------------------------------------------------------------------- 6 Shared Voting Power Beneficially 9,080,775 ordinary shares (consisting of 9,080,775 Owned by ordinary shares beneficially owned by Mr.Xiangjun Dong which are expressly disclaimed by Mr. Yuncai Wu) Each Reporting ------------------------------------------------------------------- 7 Sole Dispositive Power Person With 10,214,195 ordinary shares ------------------------------------------------------------------- 8 Shared Dispositive Power 9,080,775 ordinary shares (consisting of 9,080,775 ordinary shares beneficially owned by Mr.Xiangjun Dong which are expressly disclaimed by Mr. Yuncai Wu) - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 19,294,970 ordinary shares - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount In Row 9 14.0% - --------------------------------------------------------------------------------

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 4 - -------------------------- 12 Type of Reporting Person IN - --------------------------------------------------------------------------------

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 5 - -------------------------- - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Xiangjun Dong - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if A Member of A Group (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization People's Republic of China - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of 0 Shares ------------------------------------------------------ 6 Shared Voting Power Beneficially 10,215,871 ordinary shares Owned by ------------------------------------------------------ 7 Sole Dispositive Power Each 0 Reporting ------------------------------------------------------ 8 Shared Dispositive Power Person with 10,215,871 ordinary shares - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 10,215,871 ordinary shares - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 11 Percent of Class Represented By Amount In Row 9 7.4% - -------------------------------------------------------------------------------- 12 Type of Reporting Person IN - --------------------------------------------------------------------------------

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 6 - -------------------------- ITEM 1(a). NAME OF ISSUER: --------------- ReneSola Ltd ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: ------------------------------------------------ No. 8 Baoqun Road Yaozhuang County, Jiashan Town Zhejiang Province 314117 People's Republic of China ITEM 2(a). NAME OF PERSON FILING: ---------------------- Yuncai Holdings Limited Yuncai Wu Xiangjun Dong ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE: ------------------------------------------------------------- Yuncai Holdings Limited Craigmuir Chambers, Road Town, Tortola, British Virgin Islands Yuncai Wu No. 8 Baoqun Road Yaozhuang County, Jiashan Town Zhejiang Province 314117 People's Republic of China Xiangjun Dong No. 8 Baoqun Road Yaozhuang Industrial Park, Jiashan County Zhejiang Province 314117 People's Republic of China ITEM 2(c) CITIZENSHIP: ------------ The place of organization of Yuncai Holdings Limited is the British Virgin Islands. Yuncai Wu is a citizen of the People's Republic of China. Xiangjun Dong is a citizen of the People's Republic of China. ITEM 2(d). TITLE OF CLASS OF SECURITIES: ----------------------------- Ordinary Share of no par value

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 7 - -------------------------- ITEM 2(e). CUSIP NUMBER: ------------- G7500C 106 ITEM 3. Not Applicable -------------- ITEM 4. OWNERSHIP: ---------- The following information with respect to the ownership of the ordinary shares of the issuer by the reporting person is provided as of December 31, 2008: Shared power Shared to dispose power to Sole power to or to direct Amount Percent Sole power to vote or to dispose or to the beneficially of vote or direct direct the direct the disposition Reporting Person owned: class: the vote: vote: disposition of: of: ---------------- ------ ------ --------- ----- --------------- --- 19,294,970 19,294,970 19,294,970 Yuncai Holdings Limited ordinary shares 14.0% ordinary shares 0 ordinary shares 0 9,080,775 9,080,775 19,294,970 10,214,195 ordinary 10,214,195 ordinary Yuncai Wu ordinary shares* 14.0% ordinary shares shares* ordinary shares shares* 10,215,871 10,215,871 10,215,871 ordinary ordinary Xiangjun Dong ordinary shares** 7.4% 0 shares** 0 shares** - ------------------- * Includes 9,080,775 ordinary shares beneficially owned by Mr. Xiangjun Dong, while the legal ownership and voting rights to those shares are held by Yuncai Holdings Limited under a trust agreement entered into among Mr. Xianshou Li, Mr. Zhengmin Lian, Mr. Xiangjun Dong and Mr. Yuncai Wu on May 2, 2006. ** Consists of 1,135,096 and 9,080,775 ordinary shares which legal ownership and voting rights are held by Ruixin Holdings Limited and Yuncai Holdings Limited, respectively, under a trust agreement entered into among Mr. Xianshou Li, Mr. Zhengmin Lian, Mr. Xiangjun Dong and Mr. Yuncai Wu on May 2, 2006. Yuncai Holdings Limited, a British Virgin Islands company, is the record owner of 19,294,970 ordinary shares of ReneSola Ltd. Mr. Yuncai Wu is the sole shareholder of Yuncai Holdings Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Yuncai Wu may be deemed to beneficially own all of the shares of ReneSola Ltd held by Yuncai Holdings Limited. Mr. Yuncai Wu disclaims the 9,080,775 ordinary shares beneficially owned by Mr. Xianjun Dong. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: --------------------------------------------- Not applicable ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: -------------------------------------------------------- Not applicable

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 8 - -------------------------- ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: ------------------------------------------------------------- Not applicable ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: --------------------------------------------------------- Not applicable ITEM 9. NOTICE OF DISSOLUTION OF GROUP: ------------------------------ Not applicable ITEM 10. CERTIFICATION: ------------- Not applicable

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 9 - -------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 10, 2009 Yuncai Holdings Limited By: /s/ Yuncai Wu ------------------------------------------ Name: Yuncai Wu Title: Director Yuncai Wu By: /s/ Yuncai Wu ------------------------------------------ Xiangjun Dong By: /s/ Xiangjun Dong ------------------------------------------

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 10 - -------------------------- Joint Filing Agreement ---------------------- In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Ordinary Shares of no par value, of ReneSola, a British Virgin Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. [Remainder of this page has been left intentionally blank.]

- -------------------------- CUSIP NO. G7500C 106 Schedule 13 G 11 - -------------------------- Signature Page to Joint Filing Agreement IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 10, 2009. Yuncai Holdings Limited By: /s/ Yuncai Wu ------------------------------------------ Name: Yuncai Wu Title: Director Yuncai Wu By: /s/ Yuncai Wu ------------------------------------------ Xiangjun Dong By: /s/ Xiangjun Dong ------------------------------------------