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Emeren Group Ltd (NYSE: SOL) is a globally recognized leader in the solar power sector, engaging in the development, ownership, and operation of solar projects. With an extensive pipeline exceeding 3 GW and a storage capacity over 10 GWh across Europe, North America, and Asia, the company has established itself as a pivotal player in renewable energy.
The core operations of Emeren include solar power project development, construction management, and project financing services, supported by dedicated local professional teams in more than 10 countries. The company leverages its technological innovations and low-cost production capabilities to deliver high-quality, cost-competitive solar products and services.
In recent years, Emeren has marked significant achievements. For instance, the company announced successful co-development agreements for battery storage projects in Southern Italy, in partnership with Glennmont Partners. These projects, with a combined capacity of 354 MWp, are set to enhance the region's renewable energy infrastructure significantly.
Financially, Emeren has maintained a robust performance. The preliminary unaudited financial results for the full year 2023 highlight the company's steady growth and strategic advancements. Despite some challenges, such as the delayed filing of its annual report, Emeren continues to prioritize effective financial reporting and shareholder value.
Emeren's commitment to sustainability is evident in its mission to reduce environmental impact and promote a sustainable future through renewable energy solutions. The company's dynamic approach and ability to adapt to market changes ensure its relevance and competitiveness in the global market.
Emeren Group Ltd remains at the forefront of solar power and energy storage, driving innovation and excellence in the renewable energy sector. For more information, visit www.emeren.com.
ReneSola Power (NYSE: SOL) announced the sale of a 24MW solar-plus-storage project in West Oxfordshire, England, to Innova. This 'Ready to Build' project is part of ReneSola's over 200 MW project pipeline in the UK, designed for a 40-year operation. The deal strengthens ReneSola's market position in the UK and aligns with Innova's strategy to develop renewable energy projects. The project will provide renewable energy to approximately 7,800 homes, enhancing local biodiversity and benefiting the community.
ReneSola Power (NYSE: SOL) reported its fourth quarter and full year 2021 financial results, showcasing substantial growth. Earnings per ADS reached $0.10, marking a 77% year-over-year increase. The company's project development pipeline expanded by 120% year-over-year to 2.2 GW. Additionally, ReneSola strengthened its capital position with $254 million in cash and cash equivalents. A conference call will delve into these results.
On March 23, 2022, ReneSola Ltd (NYSE: SOL) announced the appointment of Himanshu H. Shah as a new director, effective March 18, 2022, following the departure of Sam Feng. Shah, with over 30 years of experience in global capital markets, is a long-term stakeholder owning over 17% of the company. CEO Yumin Liu expressed confidence that Shah's extensive knowledge will enhance the company's strategy and profitability, particularly in expanding their renewable energy pipeline in the U.S. and Europe.
ReneSola Ltd (NYSE: SOL) announces participation in two upcoming virtual investor conferences. On March 24, the company will host a fireside chat at the Sidoti Spring 2022 Virtual Conference at 10:00 am EDT. The following week, from March 28-30, ReneSola will be part of the Maxim Group 2022 Virtual Growth Conference, with a presentation available on demand. Additionally, management will engage in one-on-one and group meetings with institutional investors at both events.
For more details, visit www.renesolapower.com.
ReneSola Power (NYSE: SOL) will report its unaudited financial results for Q4 and the full year ended December 31, 2021, after market close on March 23, 2022. A conference call to discuss these results is scheduled for the same day at 4:30 p.m. ET. The Company, a leading solar project developer, operates in over 10 countries, including markets in the U.S. and Europe, focusing on high-margin development opportunities. Investors can access the call via the Company's website and are recommended to register 10 minutes prior to the start.
ReneSola Power (NYSE: SOL), a global leader in solar project development, will participate in the 34th Annual Roth Conference from March 13-15, 2022, in Dana Point, California. The management team is set to engage in one-on-one and group meetings with institutional investors on March 14 and 15. This event offers opportunities for investors to learn more about the company's growth in solar project markets, particularly in the U.S. and Europe, where it holds a strong market position. For details, visit the registration page.
ReneSola Power (NYSE: SOL) will participate in a virtual fireside chat at the Sidoti Virtual Small Cap Conference on January 19, 2022, at 10:45 a.m. ET. Management will also conduct one-on-one meetings with institutional investors on January 19-20, 2022. The company, a leading global solar project developer, is focused on solar power project development, construction management, and financing services, with operations in over 10 countries. ReneSola Power targets high-margin development opportunities in growing markets, particularly in the U.S. and Europe.
ReneSola Ltd. (NYSE: SOL) announced the sale of 37 MW of solar projects in Poland to Obton, an international solar investment firm. This transaction adds to the previously reported sale of 38 MW in July 2021, resulting in a total of 75 MW sold. The projects, awarded in a September 2021 auction, are in the 'Ready to Build' stage and eligible for a 15-year guaranteed tariff under Poland's Contract for Difference regime. ReneSola will manage EPC, financing, and delivery to Obton. The company anticipates profitable growth in Poland in the coming quarters.
ReneSola Power (NYSE: SOL) has signed an agreement to sell a 12MWp solar project portfolio in Caravaca de la Cruz, Spain, to the aream Group. This transaction, structured as a share purchase agreement, will be finalized in early 2022 when the projects reach the 'ready-to-build' stage. The Caravaca Project is part of ReneSola's 300 MW pipeline in Spain. The company's increasing international presence and the successful collaboration with aream reflect its growing market share in Europe.
ReneSola Ltd (NYSE: SOL) announced the outcomes of its 2021 annual general meeting, which included the approval of consolidated financial statements for the year ending December 31, 2020. Shareholders re-elected directors Julia Xu and Sam Feng, and appointed Yuanyuan Ma as a new director. Additionally, the meeting approved an amendment to the 2007 Share Incentive Plan, increasing the total shares available from 22.5 million to 42.5 million. These decisions reflect the company's commitment to growth and governance.
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