ReneSola Power Announces Fourth Quarter and Full Year 2021 Financial Results

-- Earnings per ADS of $0.10 up 77% y/y

-- Project development pipeline of 2.2 GW,up 120% y/y

- Strengthened capital position with $254 million cash and cash equivalents

STAMFORD,Conn.,March 24,2022 --ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL),a leading fully integrated solar project developer,today announced its unaudited financial results for the fourth quarter and full year ended December 31,2021. ReneSola Power's fourth quarter and full year 2021 financial results and management commentary can be found by accessing the Company's shareholder letter on the quarterly results page of the Investor Relations section of ReneSola Power's website at: http://ir.renesolapower.com.

ReneSola Power will hold a conference call today to discuss results.Conference Call DetailsReneSola Power will hold a conference call today,March 23,2022 at 4:30 p.m. U.S. Eastern Time (4:30 a.m. China Standard Time on Thursday,2022) to discuss financial results.Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.Participant Online Registration: http://apac.directeventreg.com/registration/event/3360748A replay of the conference call may be accessed by phone at the following numbers until March 31,2022. To access the replay,please reference the conference ID 3360748.

Phone NumberToll-Free NumberUnited States+1 (646) 254-3697+1 (855) 452-5696China Hong Kong+852 3051-2780+852 8009-63117MainlandChina+86 (400) 820-9703+86 (400) 820-9035

Other International+61 (2) 8199-0299

A webcast of the conference call will be available on the ReneSola Power website at http://ir.renesolapower.com.About ReneSola PowerReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development,construction management and project financing services. With local professional teams in more than 10 countries around the world,the business is spread across a number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company's strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically,in the U.S. and Europe,where the Company has a market-leading position in several geographies,including Poland,Hungary,Minnesota and New York. For more information,please visit www.renesolapower.com.For investor and media inquiries,please contact:Inthe United States:

ReneSola Ltd

Mr. Adam Krop

+1 (347) 577-9055 x115

IR.USA@renesolapower.comThe Blueshirt Group

Mr. Gary Dvorchak,CFA

+1 (323) 240-5796

gary@blueshirtgroup.com

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