1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List Figures 7
2 Company Snapshot 8
2.1 Key Information 8
2.2 Company Overview 8
2.3 Financial Performance 8
2.4 Industry Outlook – Solar PV 8
3 Business Description 10
3.1 Business Overview 10
3.2 Major Products and Services 11
3.2.1 Overview 11
4 Production Capacity 12
5 History 13
6 SWOT Analysis 15
6.1 Overview 15
6.2 ReneSola Ltd Strengths 16
6.2.1 Increased Earning 16
6.2.2 Strong Research & Development Effort 16
6.2.3 Increased Production Capacities & Sales 16
6.3 ReneSola Ltd Weaknesses 18
6.3.1 Increased Cost of Sales 18
6.3.2 Limited Geographic Operations 18
6.3.3 Limited Suppliers and Custtomer Base 18
6.4 ReneSola Ltd Opportunities 19
6.4.1 Capacity Expansion 19
6.4.2 Subsidiaries of the Company 19
6.4.3 Growth in the Renewable Energy Sector 19
6.5 ReneSola Ltd Threats 21
6.5.1 Shortage of Raw Material 21
6.5.2 Changes in Regulations and Policies 21
7 Competitors 22
8 Key Employees 23
9 Key Employee Biographies 24
10 Company Statement 26
11 Locations And Subsidiaries 30
11.1 Head Office 30
12 Financial Deals Landscape 31
12.1 ReneSola Ltd, Deals Volume Summary, 2004 to YTD 2008 31
12.2 ReneSola Ltd, Deals Summary By Region, 2004 to YTD 2008 32
12.3 ReneSola Ltd, Deals Summary, 2004 to YTD 2008 33
12.4 ReneSola Ltd Detailed Deal Summary 34
12.4.1 Acquisition 34
12.4.2 Equity Offerings 35
13 ReneSola Ltd, Solar Contract Summary 39
13.1 Contract Information 40
13.1.1 ReneSola Ltd, Turbine Contract Details, ReneSola Signs A Wafer Supply Contract With China Sunergy Co., Ltd. 40
13.1.2 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd.Signs A Wafer Supply Contract With JA Solar Holdings Co., Ltd. 41
13.1.3 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd's Subsidiary Signs A Supply Agreement With ARISE Technologies Deutschland GmbH 42
13.1.4 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs Wafer Supply Agreement With Gintech Energy Corporation 43
13.1.5 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs A Contract With Shenzhen Topray Solar Co., Ltd. 44
13.1.6 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs Agreement With NingBo Solar Electric Power Co., Ltd. 45
13.1.7 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs Wafers Supply Agreement With Eoplly New Energy Technology Co., Ltd. 46
13.1.8 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs A Contract With Suntech Power Holdings Co., Ltd. 47
13.1.9 ReneSola Ltd, Turbine Contract Details, ReneSola Ltd Signs A Contract With Motech Industries Co., Ltd. 48
14 Recent Developments 49
14.1 New Contracts 49
14.1.1 Apr 17, 2008: ReneSola Signs Six Year Wafer Supply Agreement With Shenzhen Topray 49
14.1.2 Apr 15, 2008: ReneSola Signs Wafer Supply Contracts With Ningbo Solar And Eoplly 49
14.1.3 Oct 17, 2007: Renesola Receives Wafer Supply Contract From Suntech 49
14.1.4 Aug 23, 2007: ReneSola Signs Sales Contracts 50
14.2 Operations Updates 50
14.2.1 Nov 03, 2008: ReneSola Provides Capacity Expansion Update 50
14.2.2 Apr 17, 2008: ReneSola Increases 2008 Production And Financial Guidance 50
14.2.3 Oct 04, 2007: ReneSola Announces Production Update For Q3 2007 50
14.2.4 Jul 03, 2007: ReneSola Announces Production Update For Q2 2007 50
14.2.5 Jun 07, 2007: ReneSola Announces 2007 Production Capacity Expansion 51
14.3 Financial Announcements 52
14.3.1 Nov 18, 2008: ReneSola Reports 3Q 2008 Results 52
14.3.2 Nov 03, 2008: ReneSola Provides Financial Outlook For 3Q 2008 55
14.3.3 Aug 19, 2008: ReneSola Reports 2Q 2008 Results 55
14.3.4 May 14, 2008: ReneSola Declares Q1 2008 Results 57
14.3.5 Mar 19, 2008: ReneSola Declares Q4 2007 Results 60
14.3.6 Mar 05, 2008: ReneSola To Declare Q4 And Yera-End 2007 Results 63
14.3.7 Nov 14, 2007: ReneSola Declares Q3 2007 Results 63
14.3.8 Aug 23, 2007: ReneSola Declares Q2 2007 Results 65
14.3.9 Jan 01, 2006: ReneSola Declares Q2 2006 Results 68
14.3.10 Jan 01, 2006: ReneSola Reports 2006 Results 70
14.3.11 Jan 01, 2006: ReneSola Declares Q3 2006 Results 73
14.4 Strategy and Business Planning 75
14.4.1 Oct 22, 2007: ReneSola Enters Supply Agreement With Yongxiang Polysilicon 75
14.5 Other Significant Developments 76
14.5.1 Nov 18, 2008: ReneSola Announces Management Changes 76
14.5.2 Nov 03, 2008: ReneSola Receives Additional Credit Lines From Two Banks In China 76
14.5.3 Jul 17, 2008: ReneSola Appoints New Board Member 76
14.5.4 Jun 27, 2008: ReneSola Board Member Retires 77
14.5.5 Jun 11, 2008: ARISE Signs Six-Year Agreement For Supply Of Silicon Wafers From Renesola 77
14.5.6 May 14, 2008: Gintech Signs 525 MW Wafer Supply Contract With ReneSola 77
14.5.7 Dec 18, 2007: JA Solar Signs Wafer Purchase Agreement With ReneSola 78
14.5.8 Oct 22, 2007: ReneSola Enters Supply Agreement With Yongxiang Polysilicon 78
14.5.9 Aug 23, 2007: ReneSola Invests In Solar Grade Polysilicon Plant 78
14.5.10 Jun 07, 2007: ReneSola Signs Contracts 78
14.5.11 Oct 10, 2006: ReneSola Announces Directorate Changes 79
14.5.12 Oct 10, 2006: ReneSola Announces Board And Management Changes 79
15 Appendix 80
15.1 Methodology 80
15.2 About GlobalData 80
15.3 Contact Us 80
15.4 Disclaimer 80
1.1 List of Tables
Table 1: ReneSola Ltd, Key Facts 8
Table 2: ReneSola Ltd, Production Capacity (MT), 2003-08 12
Table 3: ReneSola Ltd, SWOT Analysis 15
Table 4: ReneSola Ltd, Key Employees 23
Table 5: ReneSola Ltd, Deals Summary, 2004 to YTD 2008 31
Table 6: ReneSola Ltd, Deals Summary by Region, 2004 to YTD 2008 32
Table 7: ReneSola Ltd, Deals Summary, 2004 to YTD 2008 33
Table 8: ReneSola Sells Interest In Linzhou Zhongsheng Semiconductor To Zhongsheng Steel 34
Table 9: ReneSola Completes IPO 35
Table 10: ReneSola Completes Private Placement Of $50 Million 36
Table 11: ReneSola Prices Follow-On Public Offering Of 9 Million American Depositary Shares 37
Table 12: ReneSola Ltd, Solar Contracts Analysis 39
Table 13: ReneSola Ltd, Solar Contract Details, ReneSola Signs A Wafer Supply Contract With China Sunergy Co., Ltd. 40
Table 14: ReneSola Ltd, Solar Contract Details, ReneSola Ltd.Signs A Wafer Supply Contract With JA Solar Holdings Co., Ltd. 41
Table 15: ReneSola Ltd, Solar Contract Details, ReneSola Ltd's Subsidiary Signs A Supply Agreement With ARISE Technologies Deutschland GmbH 42
Table 16: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs Wafer Supply Agreement With Gintech Energy Corporation 43
Table 17: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs A Contract With Shenzhen Topray Solar Co., Ltd. 44
Table 18: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs Agreement With NingBo Solar Electric Power Co., Ltd. 45
Table 19: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs Wafers Supply Agreement With Eoplly New Energy Technology Co., Ltd. 46
Table 20: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs A Contract With Suntech Power Holdings Co., Ltd. 47
Table 21: ReneSola Ltd, Solar Contract Details, ReneSola Ltd Signs A Contract With Motech Industries Co., Ltd. 48
1.2 List Figures
Figure 1: ReneSola Ltd, Deals Volume Summary, 2004 to YTD 2008 31
Figure 2: ReneSola Ltd, Deals Summary by Region, 2004 to YTD 2008 32