1. ORGANIZATION AND NATURE OF OPERATIONS

ReneSola Ltd was incorporated in the British Virgin Island on March 17, 2006. On January 29, 2008, the Company became listed on the New York Stock Exchange (NYSE) in the United States. ReneSola Ltd and its subsidiaries (collectively the “Company”) are engaged in the manufacture and sale of solar power products including virgin polysilicon, monocrystalline and multi crystalline solar wafers and photovoltaic (PV) cells and modules. From 2012, the Company began entering into arrangements to develop commercial solar power projects, or project assets, which consists primarily of solar power project development, engineering, procurement and construction ("EPC") services.

The following table lists major subsidiaries of the Company as of December 31, 2016:

Subsidiaries

Date of

acquisition

Date of

incorporation

Place of

incorporation

Date of

commencement

Percentage of

ownership

ReneSola Zhejiang Ltd.
formerly known as ZhejiangYuhui Solar Energy Source Co., Ltd. (“ReneSola Zhejiang”)

N/A

August 7, 2003

People’s Republic of China (“PRC”)

July, 2005

100

ReneSola America Inc.
(“ReneSola America”)

N/A

November 12, 2006

United States of America

November, 2006

100

ReneSola Singapore Pte Ltd.
(“ReneSola Singapore”)

N/A

March 28, 2007

Singapore

May, 2007

100

Sichuan ReneSola Silicon Material Co., Ltd.
(“Sichuan ReneSola”)

N/A

August 25, 2007

PRC

July, 2009

100

ReneSola Jiangsu Ltd.
(“ReneSola Jiangsu”)

May 31, 2009

November 8, 2005

PRC

May 31, 2009

100

Zhejiang ReneSola System Integration Ltd. Formerly known as Zhejiang ReneSola Photovoltaic Materials Co., Ltd.
(“Zhejiang ReneSola PV Materials”)

N/A

April 30,2010

PRC

January, 2011

100

Sichuan Ruiyu New Materials Technology Co., Ltd.
(“Sichuan Ruiyu”)

N/A

August 24,2010

PRC

July, 2011

100

Sichuan Ruixin Photovoltaic Materials Co., Ltd.
(“Sichuan Ruixin”)

N/A

November 23, 2010

PRC

N/A*

100

Sichuan SiLiDe Composite Materials Co., Ltd.
(“Sichuan SiLiDe”)

N/A

July 11, 2011

PRC

N/A*

100

ReneSola Deutschland GmbH
(“ReneSola Germany”)

N/A

September26, 2011

Germany

August, 2012

100

ReneSola New Energy S.A.R.L
(“ReneSola New Energy”)

N/A

March 28, 2012

Luxemburg

N/A*

100

ReneSola Australia PTY LTD
(“ReneSola Australia”)

N/A

July 30, 2012

Australia

November, 2012

100

ReneSola Japan Ltd.
(“ReneSola Japan”)

N/A

July 9, 2012

Japan

November, 2012

100

LUCAS EST S.R.L
(“LUCAS”).

September 13, 2012

December 17, 2008

Romania

January, 2014

100

ECOSFER ENERGY S.R.L
(“ECOSFER”).

September 26, 2012

November 17, 2011

Romania

January, 2014

100

ReneSola India Private Limited
(“ReneSola India”)

N/A

November 22, 2012

India

December, 2012

100

Lucas Est Korea Co., Ltd
(“Lucas Korea”)

N/A

March 12, 2013

Korea

N/A*

100

Subsidiaries

Date of

acquisition

Date of

incorporation

Place of

incorporation

Date of

commencement

Percentage of

ownership

Ecosfer Energy Korea Co., Ltd
(“Ecosfer Korea”)

N/A

March 12, 2013

Korea

N/A*

100

ReneSola UK Limited
(“ReneSola UK”)

N/A

April 11, 2013

July, 2013

100

ReneSola Shanghai Ltd
(“ReneSola Shanghai”)

N/A

May 30, 2013

PRC

October, 2013

100

ReneSola South Africa Proprietary Limited
(“ReneSola South Africa”)

N/A

July 6, 2013

South Africa

February, 2014

100

ReneSola Panama Inc.
(“ReneSola Panama”)

N/A

December 28, 2013

Panama

March, 2014

100

ReneSola France SAS
(“ReneSola France”)

N/A

February 7, 2014

France

July, 2014

100

ReneSola Italy S.R.L.
(“ReneSola Italy”)

N/A

March 28, 2014

Italy

June, 2014

100

ReneSola(Thailand) Inc.
(“ReneSola Thailand”)

N/A

February 24, 2014

Thailand

February, 2015

100

RENESOLA MEXICO,S,de R.L de C.V.
(“ReneSola Mexico”)

N/A

April 10, 2014

Mexico

July, 2014

100

RENESOLA TURKEY GüNES ENERJISI TEKNOLOJI HIZMETLERI VE TICARET L
(“ReneSola Turkey”)

N/A

April 22, 2014

Turkey

August, 2014

100

PT. ReneSola Clean Energy
(“ReneSola Indonesia”)

N/A

May 14, 2014

Indonesia

February, 2015

100

RENESOLA DO BRASIL COMERCIO E REPRENTACAO LTDA
(“ReneSola Brazil”)

N/A

May 12, 2014

Brazil

December, 2015

100

RENESOLA ENGINEERING INTERNATIONAL GMBH
(“ReneSola Austria”)

N/A

July 22, 2014

Austria

December, 2014

100

RENESOLA Canada Limited
(“ReneSola Canada")

N/A

June 23, 2014

Canada

December, 2014

100

ReneSola Investment Management Ltd
("ReneSola Investment")

N/A

December 2, 2014

British Virgin Island

July, 2015

100

Renesola Energy, INC.

N/A

December 22, 2014

United States

September, 2015

100

Renesola Power, Inc. ("Renesola Power")

N/A

July 23, 2015

United States

September, 2016

100

Renesola UK Rooftop Limited ("Renesola UK Rooftop")

N/A

August 6, 2015

April, 2016

100

Baynergy, LLC ("Baynergy")

N/A

July 8, 2015

United States

April, 2016

100

Renesola Shaoxing Ltd

N/A

March 9, 2016

PRC

April, 2016

100

Renesola Pan'an Ltd

N/A

March 28, 2016

PRC

April, 2016

100

ReneSola Power Holdings LLC.

N/A

May 19, 2016

United States

September, 2016

100

RSE Land Holdings, LLC.

N/A

December 12, 2016

United States

N/A*

100

*: These companies had not commenced operations as of December 31, 2016.