SHANGHAI, April 17, 2017 /PRNewswire/ -- ReneSola Ltd
("ReneSola") (www.renesola.com) (NYSE: SOL), a leading
fully-integrated solar project developer and provider of
energy-efficient products, today announced that it signed an
agreement to sell its utility-scale project located in North Carolina, United States to New
York-based Greenbacker Renewable Energy Company, LLC
("Greebacker"), a publicly registered, non-traded Limited Liability
Company focused on investments in renewable energy power plants and
energy efficiency projects as well as other sustainable
investments.
Powered by ReneSola's Virtus II 315W modules, the utility
project has a capacity of approximately 6.75 MW and will sell the
power generated to the local utility under a 15-year purchase
agreement.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola,
commented: "This agreement further demonstrates our capability of
developing and monetizing projects in more attractive developed
markets. The U.S. remains an important market for us, and recent
activity continues to highlight our competitive advantages in the
region. Our project pipeline in the U.S. consists of over 105
MW of mid-to-late stage projects, and we expect the region to be a
major growth market in the years ahead."
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.
About Greenbacker Renewable Energy Company LLC
Greenbacker Renewable Energy Company is a publicly registered,
non-traded limited liability company that has acquired a
diversified portfolio of income-producing renewable energy power
plants, energy efficiency projects and other sustainable
investments.
Based in New York, New York,
Greenbacker operates solar and wind facilities throughout
the United States and Canada.
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 for ReneSola, 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
For investor and media inquiries for Greenbacker Renewable
Energy Company LLC, please contact:
David Sher
Director
+1 (917) 309 -1234
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SOURCE ReneSola Ltd.