Hareon Solar and ReNew Power Commission 172 MW Dichipally Plant in Telangana, India

Shanghai, September 26, 2017: Hareon Solar Technology Company Limited (SSE: 600401), one of China’s largest solar energy companies, and ReNew Power Ventures Pvt. Ltd. (“ReNew Power”), India’s leading renewable energy Independent Power Producer, announced the commissioning of their 172 MW (143 MWAC) solar project in Dichipally, Telangana, India.

The 172 MW solar power plant is spread over approximately 1100 acres of land, and is connected to the Dichipally substation in Telangana via a 220 kV transmission line. Hareon Solar supplied more than 520,000 high efficiency multi-crystalline silicon solar modules for this project and the energy generated from this project, will be sold under a 25-year power purchase agreement (PPA) to the Northern Power Distribution Company of Telangana. This project is the largest joint-venture project between Hareon Solar and ReNew Power and was commissioned ahead of schedule.

Speaking on the occasion, Parag Sharma, Chief Operating Officer, ReNew Power said, “We are pleased to strengthen our leadership position in the state of Telangana and contribute to its mission to tap into its solar potential. The Dichipally solar farm was commissioned in partnership with Hareon Solar and is the largest solar plant in Telangana. The successful commissioning of this project will go a long way to enhance our already successful relationship with Hareon Solar, one of our valued partners since 2015.”

Dr. Jie Zhang, CEO of Hareon International said “India is one of the world leaders in the renewable energy revolution, and we are proud to collaborate with our trusted partner Renew Power. With the successful commissioning of the Dichipally Project, Hareon's PV power plant investments outside China have exceeded 600 MW, across nine countries, in five continents. We look forward to expanding our global collaboration with ReNew Power in this very dynamic industry.”

Dr. Rubin Sidhu, Director of Hareon Solar India added “The successful commissioning of this 172 MW solar project is another step forward in our fight against pollution and climate change. Hareon Solar is proud to be a part of the clean energy revolution in India.”

ReNew Power and Hareon Solar have collaborated to jointly develop, build and operate solar projects of approximately 300 MW generation capacity over the last two years in Adoni, Cumbum, Mandamarri, and now in Dichipally.

About ReNew Power Ventures Pvt. Ltd.

ReNew Power Ventures Pvt. Ltd, an Independent Power Producer (IPP) company, is committed to leading change in the country’s current energy portfolio by delivering cleaner and smarter energy choices and thereby reducing India’s carbon footprint. ReNew Power’s mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable and socially responsible manner. The company creates value through reliable and efficient generation of non-conventional power through innovation in solar and wind power solutions. ReNew Power has over 3,500 MW of commissioned and under construction clean energy capacity across thirteen states (Gujarat, Haryana, Himachal Pradesh, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Rajasthan, Maharashtra, Karnataka, Telangana, Tamil Nadu, Jharkhand, Punjab, Delhi NCR, West Bengal and Andhra Pradesh) in the country. For more information, please visit: www.renewpower.in.

Follow ReNew Power on Twitter @ReNew_Power

About Hareon Solar Technology Co. Ltd.

Hareon Solar, headquartered in Jiangyin, Jiangsu Province, China, was established in 2004. The company is listed on the Shanghai Stock Exchange, and has a market capitalization of about US$1 billion. Hareon Solar is one of China's largest vertically-integrated crystalline silicon solar cell and module manufacturers. Hareon Solar has a global footprint, with operations and subsidiaries in Australia, Germany, India, Japan, South Africa, and USA.

For more information, please visit: www.hareonsolar.com