SHANGHAI, Aug. 31, 2017 — ReneSola Ltd (“ReneSola” or the “Company”) (www.renesola.com) (NYSE: SOL), a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it agreed to sell two ground-mount projects in United Kingdom to Greencoat Solar II LP, an investment vehicle managed by Greencoat Capital LLP, one of the UK’s largest dedicated renewable investment management firms.
These two projects are located in North Yorkshire and Shropshire and have a combined capacity of approximately 10 MW and are qualified under the 1.2 Renewable Obligations Certificate (ROC) program.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: “The agreement demonstrates the strength of our ability to develop and monetize projects in the downstream segment of the solar industry. We are proud of our continued execution in the region and look forward to driving incremental project development globally.”
Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand of solar project developer and technology provider of energy efficient products. Leveraging its global presence, expansive distribution and sales network, ReneSola is well positioned to develop green energy projects with attractive return and provide its highest quality green energy products around the world. For more information, please visit www.renesola.com.
About Greencoat Capital
Greencoat Solar II LP is managed by an experienced investment team at Greencoat Capital LLP, a leading European renewable investment manager with over £2 billion under management across a number of funds in private equity, solar and wind infrastructure.
Safe Harbor Statement
This press release contains statements that constitute ”forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it “believes,” “plans,” “expects” or “anticipates” will occur, what “will” or “could” happen, and other similar statements), you must remember that the Company’s expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company’s situation may change in the future.