SHANGHAI, Dec. 13, 2017 /PRNewswire/ -- ReneSola Ltd
("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL),
a leading fully integrated solar project developer and operator,
announced today that Sequoia Economic Infrastructure Income Fund,
which invests in a diversified portfolio of senior and subordinated
economic infrastructure debt investments, had agreed to provide
senior debt facility for ReneSola's 55MW of projects in
Poland, each with a capacity of
1MW. All of these projects are under Poland's Contract for Difference (CFD) regime
and eligible for a 15-year guaranteed tariff.
These projects will be completed in three phases. The first 14MW
are under construction and are expected to reach commercial
operation in the first quarter of 2018. The construction for the
remaining 41MW of projects is expected to be completed in the third quarter 2018.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola,
commented: "We are excited to partner with Sequoia Economic
Infrastructure Income Fund. This financing facility reinforces our
confidence in the potential of the downstream project development
market in Poland. It also demonstrates the confidence that
the capital markets put in our ability to successfully develop
projects in the region. We look forward to further supporting
solar deployment in Poland and
other emerging markets."
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.
About Sequoia Economic Infrastructure Income Fund
Sequoia Economic Infrastructure Income Fund Limited is a
Guernsey domiciled, closed-ended fund listed on the London Stock
Exchange (ticker SEQI), a member of the FTSE 250 Index. The Fund
focuses primarily on taking subordinated and select senior debt
exposures to economic infrastructure projects, companies and
special purpose vehicles.
The Fund invests in the UK, Western
Europe, North America,
Australia and New Zealand through acquiring both loans and
securities. The Fund's objective is to provide investors with
regular, sustained, long-term distributions and capital
appreciation from a diversified portfolio of infrastructure
debt.
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.