SHANGHAI, Aug. 31, 2017 /PRNewswire/ -- 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."
About ReneSola
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.
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.