ReneSola's new multicrystalline silicon wafers have an average cell conversion rate of 17.5%

The average cell conversion efficiency of VirtusWafer is 17.5%, 1% higher than the industry standard. Currently, several leading solar cell manufacturers in the world have recognized VirtusWafer. ReneSola plans to start small-scale production of VirtusWafer in the first half of 2011.

Mr. Xianshou Li, CEO of ReneSola, said, "We are very pleased that VirtusWafer is the result of the technological innovation and hard work of our entire team. The extraordinary thing about VirtusWafer is that it can achieve the high conversion efficiency of monocrystalline silicon wafers at a relatively low production cost of multicrystalline silicon wafers. We will continue to focus on product research and development to maintain ReneSola's leading position in solar technology and provide high-quality and low-cost solar wafers to global customers."