ReneSola Ltd. announced that its wholly owned subsidiary, Sichuan ReneSola Material Co. Ltd., has signed a RMB800 million (about US$117 million) 5-year project loan agreement with China Construction Bank, Sichuan Branch. This loan will contribute to the funding of construction of a polysilicon manufacturing facility in Meishan, Sichuan province and will provide ReneSola with a steady, inexpensive supply of polysilicon.