Exhibit 4.12


 


English Translation


 


RMB Loan Extension Agreement


 


Contract No.: Gu Dai Zhan (2013) No. 001


 


Type of Loans: Fixed Asset Loans


 


Borrower (Party A): Sichuan ReneSola Silicon Material Co., Ltd.


Domicile: Al-Si Industrial Park, Xiuwen Town, Dongpo District,
Meishan, Sichuan Province


Zip Code: 620010


Legal Representative (Responsible Person): Li Xianshou


Fax: 028-38566013


Tel: 028-38568566


 


Lender (Party B): China Construction Bank Corporation, Meishan
Branch


Domicile: No. 119 Hongxing West Road, Dongpo District, Meishan,
Sichuan Province


Zip Code: 620010


Responsible Person: Yu Wei


Fax: 028-38113979


Tel: 028-38116121


 


Lender (Party C): Chongqing Bank Co., Ltd., Chengdu Branch


Domicile: Lippo Tower, 62 Kehua North Road, Wuhou District,
Chengdu, Sichuan Province


Zip Code: 610041


Responsible Person: Chen Yu


Fax: 028-85283506


Tel: 028-85283999


 


Mortgagor (Party D): Sichuan ReneSola Silicon Material Co.,
Ltd.


Domicile: Al-Si Industrial Park, Xiuwen Town, Dongpo District,
Meishan, Sichuan Province


Zip Code: 620010


Legal Representative (Responsible Person): Li Xianshou


Fax: 028-38566013


Tel: 028-38568566


 


Guarantor (Party E): ReneSola Zhejiang Ltd.


Domicile: Industrial Park of Yaozhuang Town, Jiashan County,
Jiaxing, Zhejiang Province


Zip Code: 314100


Legal Representative (Responsible Person): Li Xianshou


Fax:


Tel: 0573-4773373


 


Guarantor (Party F): Li Xianshou, Lian Xiahe


Name and Number of Identity Certificate: ID card/330106196808010015,
332627197007010088


Domicile: No. 67 Chengzhong Road, Chengguan Town, Yuhuan County,
Zhejiang Province


Zip Code: 317600


Fax: 028-38566013


Tel: 028-38568566


 




    	 



    	 



    

 


Party A and Party B entered into a RMB Loan Contract numbered
Jian Mei Gu Dai No. 2009001 on January 24, 2009, pursuant to which, Party B has provided to Party A the fixed asset loans
amounting to RMB800,000,000. Party B and Party C separately entered into a Transfer-type Syndicated Loan Contract numbered
Zhuan Rang Xing Yin Tuan Dai Kuan No. 2009001 on July 1, 2009, pursuant to which, Party B has transferred to Party C the
fixed assets loans amounting to RMB200,000,000 and obtained receipts from the Borrower (Party A), the Mortgagor (Party D)
and the Guarantors (Party E and Party F).


 


As Party A was unable to repay the loans under the RMB Loan
Contract numbered Jian Mei Gu Dai No. 2009001 (the “Original Loan Contract”) on time, Party A applied to Party
B and Party C for an extension of the loan term. Party B and Party C agreed to such extension of the loan term after review, and
Party D, Party E and Party F agreed to provide guarantee for such extension. Party A, Party B, Party C, Party D, Party E and Party
F hereby enter into this Agreement after consultation for joint compliance.


 


		Article 1	Amount of Extended Loans and Term of Extension



 


Party B and Party C agree to extend the loan term for the principal
amount of the loans under the Original Loan Contract in favor of Party A. The amount of extended loans is RMB220,000,000.
The term of extension is twenty-four months. After such extension, the loan will mature on December 31, 2015. The
total of the term of the original loans and the term of extension is eighty-four months (the “New Loan Term”).


 


		Article 2	Loan Interest Rate and Penalty Interest Rate



 


		1.	Loan Interest Rate



 


The loan interest rate during the term of extension
is an annual interest rate to be charged in the following way:  (iii)           


 


		(i)	Fixed interest rate: i.e. blank here%, which is fixed during the term of extension;



 


		(ii)	Fixed interest rate: i.e. the benchmark interest rate on the extension date of blank here% floating (select upward or
downward) by blank here%, which is fixed during the term of extension;



 


		(iii)	Floating interest rate: Party B applies the benchmark interest rate on the extension date floating upward (select upward
or downward) by 0%, and Party C applies the benchmark interest rate on the extension date floating upward (select
upward or downward) by 15%. During the period starting from the extension date to the end of the date on which the principal
amount and interest hereunder are paid off, the interest rate will be adjusted every 12 months based on the benchmark interest
rate on the interest rate adjustment date and the above upward/downward floating ratio. The interest rate adjustment date in each
month of adjustment shall be the same day of a month as the extension day in the month of extension. If there is no such same day
in a particular month of adjustment, the last day of that month shall be the interest rate adjustment date.



 


		2.	Penalty Interest Rate



 


		(i)	If Party A fails to use the loans for the purpose as agreed, the penalty interest rate shall be the loan interest rate floating
upward by 100%. Where the loan interest rate is adjusted pursuant to Item (iii) of Section 1 of this Article, the penalty
interest rate shall be adjusted based on the adjusted loan interest rate and the above range of floating upward.



 


		(ii)	The penalty interest rate for the loans overdue hereunder shall be the loan interest rate floating upward by 50%. Where
the loan interest rate is adjusted pursuant to Item (iii) of Section 1 of this Article, the penalty interest rate shall be adjusted
based on the adjusted loan interest rate and the above range of floating upward.



 




    	 



    	 



    

 


		(iii)	If both of the above circumstances occur simultaneously, the higher penalty interest rate shall prevail, and a compound interest
shall be charged.



 


		3.	The extension date under this Article shall refer to the day immediately following the maturity date of the loans under the
Original Loan Contract.



 


		4.	The benchmark interest rate as referred to herein shall be the loan interest rate for the loans with the same term as the new
loan term and of the same grade published and adopted by the People’s Bank of China; if the People’s Bank of China
does not publish the loan interest rate for the loans with the same term and of the same grade, the benchmark interest rate shall
be the loan interest rate for the loans with the same term as the new loan term and of the same grade which is generally recognized
by the bank industry or generally adopted, unless otherwise agreed by the two parties.



 


		Article 3	Repayment



 


After the extension of the loans, Party A shall repay the loans
in the following method:  (ii)____


 


		(i)	To make the repayment in one go upon the expiry of the extension;



 


		(ii)	To make the repayment by installments, with the date and amount for each installment as follows:



 


	 	 	Amount of Repayment (RMB10,000)	 
	Date of Repayment	 	Party B 
(Construction Bank)	 	 	Party C 
(Chongqing Bank)	 	 	Total	 
	February 20, 2014	 	 	375	 	 	 	125	 	 	 	500	 
	May 20, 2014	 	 	2925	 	 	 	995	 	 	 	3920	 
	September 20, 2014	 	 	2200	 	 	 	730	 	 	 	2930	 
	December 20, 2014	 	 	2200	 	 	 	730	 	 	 	2930	 
	March 20, 2015	 	 	2200	 	 	 	730	 	 	 	2930	 
	June 20, 2015	 	 	2200	 	 	 	730	 	 	 	2930	 
	September 20, 2015	 	 	2200	 	 	 	730	 	 	 	2930	 
	December 20, 2015	 	 	2200	 	 	 	730	 	 	 	2930	 
	Total	 	 	16500	 	 	 	5500	 	 	 	22000	 



 


		(iii)	Blank here.



 




    	 



    	 



    

 


		Article 4	Guarantee



 


Party D agrees to provide mortgage, and Party E and Party F
agree to provide guarantee, for the loans after the extension.


 


		(i)	If Party D, Party E and Party F are guarantors to the Original Loan Contract, their relevant rights and obligations shall be
still subject to the Maximum Amount Mortgage Contract numbered Jian Mei Zui Gao E Di Ya No. 2009001, the Guarantee Contract
numbered Jian Mei Zui Gao E No. 2009001, the Maximum Amount Natural Person Guarantee Contract numbered Jian Mei Zi Ran
Ren Zui Gao E No. 2009001, the Mortgage Contract numbered Jian Mei Di Ya (2012) No. 100, and the Mortgage Contract numbered
Jian Mei Di Ya (2013) No. 101. Where the formalities for the renewal of registration or insurance are required to go through,
Party D, Party E and Party F shall properly complete such formalities in a timely manner.



 


Party E and Party F are guarantors for a term of guarantee
ending on the second anniversary of the date on which the term of debt repayment expires after the extension.


 


		(ii)	If Party D, Party E and Party F are new guarantors, or Party B and Party C ask Party D, Party E and Party F to re-sign a guarantee
contract, Party D, Party E and Party F agree to separately sign a guarantee contract with Party B.



 


Where the formalities for the guarantee registration
or insurance are required to go through in accordance with law, Party D, Party E and Party F shall properly complete such formalities
in a timely manner.


 


Article
5                 After this Agreement takes
effect, the Original Loan Contract shall remain effective. The rights and obligations of Party A and Party B shall still be
subject to the Original Loan Contract. However, should there be any discrepancies, this Agreement shall prevail.


 


		Article 6	Other Agreed Matters



 


		1.	This Agreement shall be made in eight original copies.



 


		2.	Blank here.



 


		3.	Blank here.



 


		Article 7	Effectiveness



 


This Agreement shall take effect upon the satisfaction of the
following conditions:


 


		(i)	The legal representatives (responsible persons) or authorized representatives of Party A, Party B, Party C, Party D, Party
E and Party F shall each affix their signatures and company seals (in case of an individual, signature shall be affixed).



 


		(ii)	The guarantee formalities in relation to the extension have been duly completed in accordance with the provisions of this Agreement
before the maturity date as agreed in the Original Loan Contract.



 




    	 



    	 



    

 


		Article 8	Statement



 


		1.	Each of Party A, Party D, Party E and Party F is clearly aware of the business scope and authorization of each of Party B and
Party C.



 


		2.	Each of Party A, Party D, Party E and Party F has read all the terms of this Agreement. Party B and Party C have given explanations
to the relevant terms of this Agreement. Each of Party A, Party D, Party E and Party F has been fully aware of and understood the
contents and the legal implications of the terms of this Agreement.



 


		3.	Party D, Party E and Party F have the qualification for providing security and guarantee. Party A, Party D, Party E and Party
F’s execution of and performance of the obligations under this Agreement complies with laws, administrative regulations and
rules as well as the articles of association or internal constitutional documents of Party A, Party D, Party E and Party F, and
has obtained the approval from the company’s internal authority and or the State’s competent authority.



 




    	 



    	 



    

 


(Signature Page, No Text Below)


 


Party A (Company Seal) [Company
Seal Affixed]


 


	Legal Representative (Responsible Person) or Authorized Representative (Signature):	/s/ Li Xianshou


 


Date: December 31, 2013


 


Party B (Company Seal) [Company
Seal Affixed]


 


	Legal Representative or Authorized Representative (Signature):	/s/ Yu Wei


 


Date: December 31, 2013


 


Party C (Company Seal) [Company
Seal Affixed]


 


	Legal Representative (Responsible Person) or Authorized Representative (Signature):	/s/ Lei Jianhua


 


Date: December 31, 2013


 


Party D (Company Seal) [Company
Seal Affixed]


 


	Legal Representative (Responsible Person) or Authorized Representative (Signature):	/s/ Li Xianshou


 


Date: December 31, 2013


 


Party E (Company Seal) [Company
Seal Affixed]


 


	Legal Representative (Responsible Person) or Authorized Representative (Signature):	/s/ Li Xianshou


 


Date: December 31, 2013


 


	Party F or Authorized Agent (Signature):	/s/ Li Xianshou	 	/s/ Lian Xiahe


 


Date: December 31, 2013