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Emeren Group Ltd (SOL) delivers renewable energy solutions through solar project development and innovative storage systems. This news hub provides investors and stakeholders with timely updates on corporate milestones, operational developments, and strategic initiatives in the clean energy sector.
Access authoritative coverage of SOL's press releases, partnership announcements, and technology advancements. Our curated collection ensures you stay informed about earnings reports, new solar installations, and regulatory developments impacting the company's global operations.
Discover updates across key categories including project financing milestones, battery storage expansions, and market entry strategies. Bookmark this page for streamlined access to Emeren Group's evolving role in shaping sustainable energy infrastructure worldwide.
ReneSola Ltd (NYSE: SOL) announced that its Annual General Meeting (AGM) will occur on December 9, 2022, at 10:00 AM PT in Pleasanton, CA. Shareholders can participate in person or via teleconference. Key resolutions include approving consolidated financial statements for 2021, re-electing Martin Bloom as director, and appointing new directors Yumin Liu, Himanshu Shah, and Ramnath Iyer. Additionally, the AGM will include a proposal to amend the articles of association to establish a federal court forum for federal securities claims. More details are available on the company's investor relations website.
ReneSola Ltd (NYSE: SOL) has successfully energized its first independent power producer (IPP) project, "Csomád 1-2," in Hungary, featuring two PV plants with a total installed capacity of 10.2 MWp, capable of powering around 4,000 households daily. This milestone marks a significant step in the company's expansion strategy within the European solar market, where it has previously commissioned 72 feed-in tariff projects totaling approximately 42 MW. The project entered commercial operation in early October 2022, highlighting ReneSola's commitment to renewable energy growth in Hungary.
ReneSola Ltd (NYSE: SOL) has acquired Emeren Limited, a UK-based developer of utility-scale solar and battery projects, in an all-cash deal completed on October 10, 2022. This strategic acquisition enhances ReneSola's project pipeline in Europe, particularly in Italy, with over 2.5 GW of projects under various development stages. CEO Yumin Liu emphasized that this acquisition aligns with the company's commitment to accelerating solar development in Europe, especially as the market faces increasing power purchase agreement prices and favorable regulatory conditions.
ReneSola Ltd (NYSE: SOL) has successfully closed the sale of a ~70 MW portfolio of solar projects to AB CarVal Investors. This portfolio includes three ground-mounted utility scale projects located in Pennsylvania, currently at the Notice to Proceed (NTP) stage. AB CarVal will oversee construction and long-term ownership. This transaction marks the largest scale single site project sales for ReneSola in the U.S. to date, underscoring the company's commitment to solar development and strong partnerships.
ReneSola Ltd (NYSE: SOL) has successfully acquired a 50 MWp operational solar farm, named Project Branston, located in Branston, UK from P&T Global Renewable Energy LTD. This acquisition, completed on September 30, 2022, marks the company’s entry into the independent power producer (IPP) business in Europe. The solar farm has been operational since October 2020 and generates an annualized yield of 1,011 MWh/MWp. CEO Yumin Liu stated this project will enhance cash flows, diversify risks, and strengthen the company’s market position in Europe amidst the ongoing energy crisis.
ReneSola Ltd (NYSE: SOL), a prominent solar project developer, announced its participation in two upcoming investor conferences. The first, H.C. Wainwright 24th Annual Global Investment Conference, will take place from September 12-14 in New York, with a presentation scheduled for September 13 at 10:30 am EDT. The second conference is the Roth Capital Partners 9th Annual Solar & Storage Symposium on September 20 in Anaheim, CA. Management will engage in one-on-one and group meetings with institutional investors at both events. Further details are available on the company's website.
ReneSola Power, a leading solar project developer, announced its second-quarter financial results for 2022, ending June 30. The company is focused on solar project development and has a strong presence in growing markets such as the U.S. and Europe, particularly in Poland, Hungary, Minnesota, and New York. A conference call discussing these results took place on September 7, 2022. No specific financial metrics or results were highlighted in the announcement.
ReneSola Ltd (NYSE: SOL) announced a repurchase agreement with ReneSola Singapore to buy back 70 million shares for $42 million, priced at $0.60 per share. This transaction involves a 90-day lock-up for ReneSola Singapore's remaining shares. Additionally, Shah Capital will purchase 10 million shares from ReneSola Singapore at the same price. The company will also amend its investor rights agreement with Shah Capital, allowing it to nominate three directors while terminating the previous agreement. The changes are part of ReneSola's strategy to enhance shareholder value and solidify its position as a solar project leader.
ReneSola Ltd (NYSE: SOL) will report its unaudited financial results for Q2 2022, ending June 30, 2022, after market close on September 7, 2022. A conference call is scheduled for 5:00 p.m. ET on the same day, where the company will discuss these results. ReneSola Power focuses on solar project development and management in fast-growing markets, particularly in the U.S. and Europe.
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