ReneSola Ltd (ReneSola), incorporated on March 17, 2006, is a global manufacturer of solar wafers and producer of solar power products based in the People's Republic of China. ReneSola possess a global network of suppliers and customers that includes some of the global manufacturers of solar cells and modules. As of December 31, 2012, the Company had an annual wafer manufacturing capacity of approximately 2,000 megawatts, consisting of monocrystalline wafer manufacturing capacity of approximately 400 megawatts and multicrystalline wafer manufacturing capacity of approximately 1,800 megawatts. In July 2012, it sold 5.95 megawatt of its Virtus modules to Solargain PV Pty Ltd. In October 2012, it established a Japanese subsidiary, ReneSola Japan Ltd. In 2013, the Company acquired Lucas Est Korea Co., Ltd. and Ecosfer Energy Korea Co., Ltd., which became its wholly owned subsidiaries.