SHANGHAI, Nov. 8, 2018 /PRNewswire/ -- ReneSola Ltd
("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL),
a leading fully integrated solar project developer, today announced
that it entered into a letter of intent (LOI) to sell its 55MW
solar projects in Poland to Chroma
Impact Investment (Chroma, please visit www.chroma.eu), a global
investor in renewable energy, focusing on large-scale solar, B2B
and storage projects.
Pursuant to the LOI, Chroma will acquire ReneSola's 55 MW of
solar projects in Poland, each
with a capacity of 1 MW. All of these projects will sell power
under Poland's Contract for
Difference (CFD) regime and are eligible for a 15-year guaranteed
tariff. Among the 55MW of projects, 14MW have been connected. The
rest of the projects are under
construction and are expected to be fully operational by the first
half of 2019.
Xianshou Li, Chairman and Chief Executive Officer of ReneSola,
commented: "This LOI demonstrates our ability to develop and
monetize solar projects across different geographies. Poland is a key market for us, and ReneSola is
one of the largest project developers in the region. Upon
completing this transaction, we will show our ability to unlock
value in our projects at various points along the development
cycle. We expect Poland to be a
growth market in the years ahead, and we look forward to further
supporting solar deployment in the region."
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. 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.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Mr. Johnny Pan
+86 (21) 6280-9180 x131
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
Chroma Impact Investment
Mr. Christophe Guisset
+32 475 930 955
c.guisset@chroma.eu
View original content to download
multimedia:http://www.prnewswire.com/news-releases/renesola-signs-letter-of-intent-to-sell-solar-projects-in-poland-300746355.html
SOURCE ReneSola Ltd.