STAMFORD, Conn., March 23, 2022 /PRNewswire/ -- ReneSola Ltd
("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE:
SOL), a leading fully integrated solar project developer, today
announced that Sam Feng has stepped
down as a director of the Company and that it has appointed
Himanshu H. Shah, Founder,
President, and CIO of Shah Capital, to its Board of Directors
effective March 18, 2022.
"On behalf of our BOD and management team, I thank Mr. Feng for
his service and insights to Renesola Power and wish him our very
best in his future endeavors," said
Yumin Liu, ReneSola Power's Chief
Executive Officer.
Himanshu brings over thirty years of experience in global
capital markets and entrepreneurial business acumen. Over the
years, he has successfully advised many portfolio companies on both
pragmatic strategy and disciplined execution. In addition, Mr. Shah
has served on the Board of Directors for Vitamin Shoppe. Currently,
he is also the Chairman of Marius Pharmaceuticals. Shah Capital is
a long-term stakeholder and has over 17% ownership of ReneSola
Power.
"We are extremely pleased to welcome Mr. Shah as our new
director," said Yumin Liu. "Himanshu is joining as we continue
to grow our renewable pipeline especially in EU and US. His very
extensive experience, knowledge and thought leadership will be
highly complementary in executing our methodical strategy, drive
profitability and enhance value for all of our shareholders."
About ReneSola Power
ReneSola Power (NYSE: SOL) is a leading global solar project
developer and operator. The Company focuses on solar power project
development, construction management and project financing
services. With local professional teams in more than 10 countries
around the world, the business is spread across number of regions
where the solar power project markets are growing rapidly and can
sustain that growth due to improved clarity around government
policies. The Company's strategy is to pursue high-margin project
development opportunities in these profitable and growing markets;
specifically, in the U.S. and Europe, where the Company has a market-leading
position in several geographies, including Poland, Hungary, Minnesota and New
York. For more information, please visit
www.renesolapower.com.
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SOURCE ReneSola Ltd.