ReneSola Signs Non-Binding Offer to Sell 206.8 MW of Distributed Generation Operating Assets in China
Emeren Group Ltd American Depositary Shares, each representing 10 shares (SOL)
Last emeren group ltd american depositary shares, each representing 10 shares earnings: 11/19 06:30 am
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ir.renesolapower.com
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Source: PR Newswire
SHANGHAI, July 31, 2018 /PRNewswire/ -- ReneSola Ltd ("ReneSola" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer and operator, today announced the signing of an exclusivity agreement with an affiliate of Brookfield Asset Management (the "Buyer"). Under the exclusivity agreement, the Company has agreed to negotiate exclusively with the Buyer to sell the Company's distributed generation ("DG") operating assets in China, with a total capacity of 206.8MW over a 60-day period.The Buyer intends to acquire the project-based special purpose vehicles ("SPVs") associated with the 206.8MW DG operating assets, which are owned by Zhejiang ReneSola Investment Ltd., ReneSola's subsidiary that holds the Company's DG projects in China.Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "This transaction will substantially reduce the Company's leverage ratio and significantly improve cash flow and liquidity. Upon completing
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Earnings
- 3/28/24 - Miss
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Analyst Actions
- 4/1/24 - HC Wainwright
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Sec Filings
- 4/19/24 - Form 8-K
- 4/2/24 - Form 8-K
- 3/29/24 - Form NT
- SOL's page on the SEC website