SHANGHAI, Oct. 16, 2017 /PRNewswire/ -- ReneSola Ltd
("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL),
a leading fully-integrated solar project developer and operator,
today announced that its distributed generation (DG) solar projects
in China generated approximately
29 million kilowatt hours of electricity in the third quarter of
2017.
The Company continues to believe the China rooftop solar market is a lucrative
opportunity and has aggressively established its presence in that
market. ReneSola currently
owns over 130 MW of China rooftop
projects under development, concentrated in a handful of eastern
provinces of China with attractive
development environments. The Company anticipates to own 150-200 MW
of China's rooftop projects by the
end of 2017.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola,
commented, "The significant amount of electricity generated from
our DG projects marks another key milestone in our project
development efforts in the China
rooftop market. We are on track in our goal of developing
150-200 MW of solar rooftop projects in China this year. Our efforts in the
China rooftop market enable us to
become the only US-listed company levered to the exciting
China rooftop opportunity."
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 operator. Leveraging its global
presence and solid experience in the industry, ReneSola is well
positioned to develop green energy projects with attractive return
around the world. For more information, please
visit www.renesolapower.com.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, the
quotations from management in this press release and the Company's
operations and business outlook, contain forward-looking
statements. Such statements involve certain risks and uncertainties
that could cause actual results to differ materially from those in
the forward-looking statements. Further information regarding these
and other risks is included in the Company's filings with the U.S.
Securities and Exchange Commission, including its annual report on
Form 20-F. Except as required by law, the Company does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Ms. Rebecca Shen
+86 (21) 6280-9180 x106
ir@renesolapower.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.