ReneSola Finds Hungarian, Polish Solar Project Financing (Int'l)
Solar project developer ReneSola Ltd reports it has arranged a bridge financing agreement with Eiffel Energy Transition Fund for its photovoltaic projects in Hungary and Poland.
Under the terms of the agreement, Eiffel Energy Transition Fund will finance ReneSola's 41.3 MW projects in Hungary and 55MW projects in Poland in the amount of €13,428,000.
Eiffel Investment Group is an asset manager specialized in businesses financing. Eiffel invests in European corporate credit through listed markets, private debt and online lending platforms. The group manages approximately €2 billion and offers companies a wide range of financing solutions.
(Source: ReneSola Ltd., PE, 3 Feb., 2019)Contact: ReneSola Ltd, Josef Kastner, VP, Willy Lin, CFA,
+86 (21) 6280-9180 x155, email@example.com, www.renesolapower.com
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ReneSola Unloads China DG Solar Stake for $31.5Mn (Int'l. M&A)
ReneSola, China DG Solar
ReneSola Ltd is reporting the sale of a 40.13 pct stake in its Zhejiang ReneSola Investment Limited subsidiary to an unnamed investor for approximately $31.5 million.
ReneSola has over 187 MW of operational DG solar projects and an additional 28 MW under construction, according to the company. By the end of 2018, it intends to own 350 to 400 MW of DG projects in China.
(Source: ReneSola Ltd., Various Media, May, 2018) Contact: ReneSola Ltd., China DG Solar, www.renesola.com
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ReneSola Considers Assets Sale to Retain NYSE Listing (Ind. Report)
Chinese solar manufacturer ReneSola reports it has been told for the second time in less than a year that it has fallen below NYSE listing criteria, as its average market cap has remained below $50M for 30 consecutive trading days. To regain compliance and avoid relisting, the company is considering the sale of
PV production operations and its LED distribution businesses which, if sold, could could eliminate approximately $573 million in debts, according to the company. (Source: ReneSola, Seeking Alpha, 28 Aug., 2017) Contact: ReneSola Ltd., Brian Armentrout, (603) 748-6933, firstname.lastname@example.org
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