SHANGHAI, Nov. 10, 2016 /PRNewswire/ -- ReneSola Ltd
("ReneSola" or the "Company") (www.renesola.com) (NYSE: SOL), a
leading brand and technology provider of energy-efficient products
and project developer, today announced that it has signed
agreements to sell its six utility-scale projects in the
United Kingdom to a European
investor. These projects have a combined capacity of
approximately 26 MW.
Powered by ReneSola's Virtus II modules, the six projects are
located in Carlam Hill Farm (Yorkshire), North
Wales, and Monmouthshire. All of these projects are
pre-accredited with a tariff rate of 6.16p/kWh and eligible for a
guaranteed export tariff of 4.91p/kWh.
Xianshou Li, ReneSola's Chief Executive Officer, said, "Although
the Brexit vote has interjected more uncertainty into the UK
political situation, we are finding that demand remains robust for
productive solar power assets. We intend to grow our project
development business significantly in the quarters ahead, in
keeping with our plan to focus our efforts on the best
opportunities for attractive and rapid return on
investment. We are building our development pipeline even as
we execute monetizations such as this agreement, and expect more
successful transactions in 2017 and beyond."
About ReneSola
Founded in 2005, and listed on the New York Stock Exchange in
2008, ReneSola (NYSE: SOL) is an international leading brand and
technology provider of energy efficient products. Leveraging its
global presence and expansive distribution and sales network,
ReneSola is well positioned to provide its highest quality green
energy products and on-time services for EPC, installers, and green
energy projects around the world. For more information, please
visit www.renesola.com.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
ir@renesola.com
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com
In the United
States:
The Blueshirt Group
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com
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SOURCE ReneSola Ltd.