Subsidization

Sichuan ReneSola, established in Sichuan province, China, in August 2007, is a wholly owned subsidiary of ReneSola. Our two-phase, 3,000 MT annualized capacity polysilicon manufacturing facility in Meishan, Sichuan province, commenced production in second half of 2009 and utilizes a modified close loop Siemens process to produce polysilicon.

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 addition of in-house polysilicon production capabilities helps diversify raw material procurement risk, and the production output from this new facility provides 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.