Tag Archives: EUT

PR Newswire

Celebrate Easter with BLUETTI Hidden Eggs

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LAS VEGAS, April 7, 2023 /PRNewswire/ — Easter 2023 is just a few weeks away, BLUETTI Easter campaign will be in full swing as of April 6 with plenty of stand-out savings from home battery systems, portable power stations to a wide array of solar panels, providing multiple options for delivering Easter gifts and boosting every Easter celebration.  


As the first 100% modular model of BLUETTI, AC300 has a flexible capacity of up to 12,288Wh by pairing with B300 expansion batteries, adding a 3,000W PSW inverter that meets most power needs for RV trips, DIY woodworking, and outdoor gardening, etc.

AC500 is another modular that can be expanded from 3,072Wh to 18,432Wh by teaming up with B300S. Equipped with LiFePO4 battery cell for secure operation and prolonged lifespan, AC500 features over 3500 life cycles. Simply plug into AC outlets and solar panels simultaneously for a max 8,000 input, so 80% SOC only takes within ONE HOUR. If planning a short-term trip, the UPS function can let go of the worries about power failures at home since a constant power supply will always be on call to keep the essentials like refrigerator and fish tank running without interruption.   

The portable EB3A makes solar energy accessible while plugging with BLUETTI PV120/PV200. Plus, its 268Wh capacity, 600W output power, and versatile outputs can juice up numerous devices on the go for hours, such as laptops, mini fridges, cookers, and more. EB3A supports up to 430W dual charging, 80% SOC takes only 30 minutes. A convenient handle is also included for grab-and-go mobile power wherever power is in need.

BLUETTI EB55 and EB70S now has become more affordable. Featuring with 700W and 800W continuous output respectively, they are widely used with solar panels in various outdoor scenarios, including, camping, picnic, fishing, etc.  

AC200MAX is ideal for those looking for a budget-saving energy storage solution. Its capacity can be grown if necessary while working with B230 battery packs. With the innovative BLUETTI App, it can be remotely controlled and monitored in real-time.  

BLUETTI AC200P, a flagship model that comes with a 2000Wh capacity and 2000W continuous power for versatile applications. It accepts B230 or B300 expansion batteries to enlarge the capacity for a step forward in energy self-sufficient.     

Enjoy a solar lifestyle with BLUETTI PV120, PV200, PV350, and PV420. Using multi-layered ETFE to ensure higher efficiency and longer lifespan. Thanks to the 23.4% conversion rate, the solar panels can sip power from the sun at high speed and run most electronics for hours on end. 

About BLUETTI 

From the very beginning, BLUETTI has tried to stay true to a sustainable future through green energy storage solutions for both indoor and outdoor use while delivering an exceptional eco-friendly experience for our homes and our world. That’s why BLUETTI makes its presence in 70+ countries and is trusted by millions of customers across the globe. For more information, please visit BLUETTI online at https://www.bluettipower.com/ or follow BLUETTI on:

YouTube: https://www.youtube.com/c/bluettiofficial
Facebook: https://www.facebook.com/bluetti.inc/
Twitter: https://twitter.com/bluetti_inc
Instagram: https://www.instagram.com/bluetti_official/

PR Newswire

Emeren Issues Statement Regarding Silicon Valley Bank

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STAMFORD, Conn., March 12, 2023 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it does not hold cash deposits or securities at Silicon Valley Bank.

About Emeren Group Ltd
Emeren Group Ltd. (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams in more than 10 countries. For more information, go to www.emeren.com.

PR Newswire

BLUETTI’s Autumn Sale Adds More Fun to Autumn Outdoor Activities

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SYDNEY, March 7, 2023 /PRNewswire/ — Starting March 7, BLUETTI, the leading brand in clean energy storage industry, is offering a bundle of savings on power stations, solar panels and kits for people to explore nature.

Autumn Camping with BLUETTI
Autumn Camping with BLUETTI

Versatile Power for Glamping and Emergency Backup

Autumn is the time to get out and enjoy the great outdoors. Planning a glamping trip or resuming a van lifestyle cannot be done without mobile power. BLUETTI’s AC200MAX, EB200P and AC200P are the perfect options with their massive power and flexible capacity. They can deliver around 2000W from their 2000Wh LPF batteries, which last over 3500 cycles. Typically, their capacities can be further increased by adding external battery packs of 2048Wh B230 or 3072Wh B300.

Multiple outputs (13 for AC200P, 15 for AC200MAX and EB200P) can charge various devices. The powerhouses also feature multiple charging options, including fast solar input or dual AC + solar input, to bring peace-of-mind for outdoor adventures.  

Mobile Solar Power for Longer Playtime

One of BLUETTI’s goals is to provide enough power people need in the wild. The EB3A ,EB55 and EB70 portable solar generators can certainly live up to expectations. They are both handy and powerful enough: The EB3A can provide 600 W power to 8 different devices from its 268 Wh LFP battery. EB55 has a larger capacity of 537Wh and supports a 1400W surge, powering over 700W devices with 11 outlets. Rated at 1000 W, the EB70 can charge 10 devices from its massive 716 Wh storage.

Even if the solar generators are depleted, they can be quickly replenished by fast solar charging via BLUETTI portable solar panels. All BLUETTI panels, including PV120, PV200, PV350, use monocrystalline cells with up to 23.4% efficiency. They are IP65 rated for water and dust resistance. The fold-and-go design makes them easy to store and transport.

About BLUETTI

With over 10 years of industry experience, BLUETTI has tried to stay true to a sustainable future through green energy storage solutions for both indoor and outdoor use while delivering an exceptional eco-friendly experience for everyone and the world. BLUETTI is making its presence in 70+ countries and is trusted by millions of customers across the globe. For more information, please visit BLUETTI online at https://www.bluettipower.com.au/.

Social Media
Facebook: https://www.facebook.com/bluetti.au
Instagram: https://www.instagram.com/bluetti_australia/
Youtube： https://www.youtube.com/@BLUETTIOfficial

PR Newswire

CNEY Entered the Drinkable Water Market with a Large Order

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LISHUI, China, Jan. 27, 2023 /PRNewswire/ — CN Energy Group. Inc. (NASDAQ: CNEY) today announced that its wholly owned subsidiary, Zhejiang CN Energy New Materials Co., Ltd., had recently obtained a first order to supply high-quality wood-based activated carbon directly to a producer of potable water. The order size is RMB6.486 million, equivalent to approximately US$0.956 million. This is another significant milestone for CNEY after it was awarded in October 2022 the permit to sell to end-users in the vast and fast-growing drinkable water market under its own brand names. This order exemplifies client acceptance and satisfaction on CNEY’s customized products and services for water filtering and purification and is expected to serve as a springboard for increasing CNEY’s sales in both domestic and global markets.  

Dr. Kangbin Zheng, CNEY’s CEO, commented, “We are glad to have signed this first contract just about two months after being authorized to sell directly to end-users. This order is the first step for us to enter a new area full of opportunities for delivering higher values to clients and generating additional revenues. Our team stands ready to continue to expand our marketing networks and to strive for replicating this success story. With refined growth strategies and upgraded technologies, we are quite confident that we will become more productive, competitive, and profitable in 2023.” 

About CN Energy Group. Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol of CNEY. With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental, and ecologic benefits.  CENY’s products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company’s website at www.cneny.com.

Forward-Looking Statements

Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company’s operations and the demand for the Company’s products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company’s registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company.

Investor Relations
Tel:+86-571-87555823
Email: ir@cneny.com

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Source: CN Energy Group. Inc.

PR Newswire

Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

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Tata Technologies has been positioned 1st among all India-based Global ER&D Electrification specialists and 2nd globally as the ESP of choice for OEMs embarking on their electrification journey.

PUNE, India and COVENTRY, England and DETROIT, Jan. 2, 2023 /PRNewswire/ — Tata Technologies, a leading global product engineering and digital services company, announced today that it has been recognized as a global leader in the Zinnov Zones for ER&D services ratings for the sixth consecutive year. The company has been showcased as the electrification partner of choice for global OEMs by being positioned as 1st among all India-based Global ER&D Electrification specialists and 2nd globally. It has also been positioned as 1st among all India-based global Automotive ER&D engineering service providers and 3rd globally.

Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

Tata Technologies celebrates 6th consecutive year of Global ER&D Leadership in Zinnov Zones 2022

Tata Technologies’ vision of Engineering a better world embodies a commitment to offering sustainable engineering and digital transformation solutions across the product value chain. The 2022 Zinnov Zones study acknowledged that Tata Technologies has made impressive gains across all the key areas of the product value chain. It has been positioned as a Global Leader in Automotive ER&D, Electrification services, Digital Engineering, Industry 4.0, and Aerospace ER&D services.The broad-based improvement in ratings is a testament to its compelling solutions across the product engineering and manufacturing value chain, turnkey electric vehicle capabilities, embedded software solutions, digital transformation services, digital manufacturing solutions, diversified global client base, and large deal wins over the last year. Additionally, its custom offerings around MRO, tooling design and simulation, and aftermarket solutions for the Aerospace industry have been recognized for their value creation.

Reflecting on Zinnov Zones 2022 ratings, Warren Harris, CEO & MD, Tata Technologies, said, “It is an honour to be acknowledged as a global leader in ER&D Services for the sixth year in a row, and first among all India-based Global ER&D Electrification specialists. The Zinnov ratings are a true testimony to the progress we have made over last year and showcase how we have enhanced our value proposition across the product value chain. It also reinforces our commitment to continue investing in our digital engineering and turnkey EV capabilities to help our customers launch competitive products.”

Sidhant Rastogi, Managing Partner, and Global Head, Zinnov, said, “Tata Technologies has transformed the way global products are engineered, manufactured, and serviced by leveraging its solution and accelerator ecosystem across the ER&D product value chain. It has won several large deals across Electric Vehicles, Embedded Software, Industry 4.0 & Digital Engineering. It has established a track record of delivering at-scale high-end e-mobility and digital transformation solutions for diverse marquee clients across the globe. It has successfully positioned itself as 1st among all India-based, Global ER&D Electrification and Automotive specialist, backed by its turnkey Electric Vehicle development solution and accelerators like eVMP and Pulse. Its leadership position across the various stages of the product value chain in the Zinnov ER&D Zones 2022, reflects its strong capabilities in the EV, Automotive and Aerospace verticals.”

Santosh Singh, Senior VP & Global Head – Marketing & Business Excellence, Tata Technologies, said, “We’re the strategic engineering partner businesses turn to when they aspire to be better. From delivering discrete outcomes to end-to-end product development solutions, Tata Technologies is the engineering services partner of choice for companies that want to transform their product portfolio and launch new EVs rapidly. The recognition by Zinnov Zones as the No.1 India-based Global EV specialist positions us as a desirable brand for talent who want to experience global projects and work with a purpose-driven organization.”

The Press Release is available on website, LinkedIn, Twitter, and Instagram.

Zinnov Zones is an annual rating published by Zinnov, which assesses Global Service Providers based on their competencies, capabilities, and market success. 

About Tata Technologies

Tata Technologies is a global product engineering and digital services company focused on fulfilling its mission of helping the world drive, fly, build, and farm by enabling its customers to realize better products. For more information, visit www.tatatechnologies.com. Follow on Instagram, LinkedIn, Twitter for latest updates. Contact us at Marketing@tatatechnologies.com

About Zinnov

Zinnov is a global management consulting firm that has successfully consulted with 250+ Fortune 500 enterprises in their value creation journeys. For more information,visit www.zinnov.com

PR Newswire

Chinese Auto Parts Supplier Baolong Automotive Rolls Out New Lineup of Automotive Sensors for EVs

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SHANGHAI, Dec. 31, 2022 /PRNewswire/ — On December 30, 2022, Chinese auto parts manufacturer Shanghai Baolong Automotive Corporation hosted the “Super Sensing, Intelligent Core” product launch event at China’s largest automotive B2B marketplace Gasgoo.com. Two highlights of the event were Baolong’s new fluxgate current sensor and a new electric motor position sensor for electric vehicles (EVs).

Given the growing trend towards vehicle electrification and intelligence, sales of EVs have risen rapidly over the past few years, deeply impacting the automotive sensor sector. In addition, the demand for vehicle electrification has driven the demand for sensors and catalyzed the development of new sensor types.

Baolong Automotive, which started producing automotive sensors in 2009, has become a domestic leader in the sector by amassing a rich lineup of over 40 sensors across six key categories: pressure, rain and light, speed, position, acceleration and current. The firm aims to achieve annual production and sales of 100 million sensors in five years in tandem with becoming the leader in China and even worldwide in some segments.

The 1000A/1500A fluxgate current sensor features high precision, high sensitivity and low zero drift alongside a new technology developed by Baolong Automotive specifically for the unit. The solution, a key component of the power battery as well as the electric drive, battery and electronic control systems for EVs, helps ensure the safe performance of the vehicles by addressing the challenges raised by range anxiety and charging anxiety while preventing overcharge and overdischarge scenarios.

The new electric motor position sensor, an indispensable component of the precision control system of the high-speed electric motors in EVs, also features superior performance, higher precision, smoother torque and position control as well as high precision detection of the rotor position of high-speed electric motors. The sensor also has wide application in multiple electric control systems, including brake-by-wire systems, electric power steering and electric clutches. With the key advantages of enhanced anti-interference capability, safety, reliability, high integration, flexible installation, lower costs and lightweight design, the solution plays a key role in different types of motor control applications for EVs.

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PR Newswire

JinkoSolar Announces Results of 2022 Annual General Meeting

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SHANGRAO, China, Dec. 27, 2022 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that results of the Company’s 2022 annual general meeting (the “2022 AGM”).

The following ordinary resolutions (Resolutions 2 – 5 as set out in the Notice of the 2022 AGM published by the Company on November 23, 2022) were duly passed by a majority of the Company’s shareholders entitled to vote at the 2022 AGM, and therefore were approved in accordance with the Third Amended and Restated Memorandum and Articles of Association of the Company (the “Articles of Association”):

2. The re-election of Mr. Haiyun Cao as a director of the Company;
3. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2022;
4. The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; and
5. The authorization of each of the directors of the Company be authorized to take any and all action that might be necessary to effect the foregoing resolutions 1 to 4 as such director, in his or her absolute discretion, thinks fit.

The following ordinary resolution (Resolution 1 as set out in the Notice of the 2022 AGM published by the Company on November 23, 2022) failed to receive votes from a majority of the Company’s shareholders entitled to vote at the 2022 AGM, and therefore was rejected in accordance with the Articles of Association:

1. The re-election of Mr. Kangping Chen as a director of the Company.

Upon the effectiveness of the results of the 2022 AGM, the board of directors of the Company consists of six directors, including three independent directors.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar has 14 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, UAE, and Denmark, and global sales teams in China, the United States, Canada, Germany, Switzerland, Italy, Japan, Australia, Korea, India, Turkey, Chile, Brazil, Mexico and Hong Kong, as of September 30, 2022.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the SEC, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:
In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

Mr. Rene Vanguestaine
Christensen
Tel: +86 178 1749 0483
Email: rvanguestaine@ChristensenIR.com

In the U.S.:
Ms. Linda Bergkamp
Christensen, Scottsdale, Arizona
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

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Source: JinkoSolar Holding Co., Ltd.

PR Newswire

Daelim Successfully Obtained The Transformer UL/cUL Certification

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BEIJING, Dec. 20, 2022 /PRNewswire/ — Jiangsu Daelim Electric Co. LTD(here inafter Daelim) successfully obtained the transformer UL/cUL certification in this year. The UL/cUL certification is a mandatory requirement in the distribution transformer industry in the US and Canada market. In order to get this certification, Daelim needs to design and manufacture this sample transformers to pass the all the type testings, but also the key accessories must meet the UL certification requirements. Fortunately, because Daelim has strong technical strength and quality control, it overcame all the testings.

Besides the UL certification, Daelim also obtained CSA and CESI certification in 2019. During the 20 years of unremitting efforts in overseas transformer projects, Daelim can produce transformers of various international standards such as ANSI/IEEE, CSA, AS, and IEC Standards.

Daelim is a professional power transformer manufacturer, and builds a more influential transformer brand named Daelim Belefic. Moreover, Daelim also got the qualification on one of the transformers bids in NA and Daelim Belefic is the one only brand from China.

Firstly, Daelim’s professional technical team has strong capabilities on design and research, rich experience on Multiple-standards design which can help Daelim customize transformers according to project requirements and needs. Secondly, DAELIM factory is located in the Chinese transformer industry zone, its powerful supply chain and professional workers helps it making the delivery period very fast. Daelim’s Standardized transformers can be produced in 8-12 weeks. Thirdly, Daelim has been pursuing high-quality transformers for a long time. Daelim has a professional quality control team and strict quality control system in the whole process from the raw material purchasing to the transformer testing after production, which helps Daelim to ensure that each transformer has good mechanical and electrical performance, so that the transformer can be operated safely, reliably and consistently in the end users. The warranty period of Daelim Transformer is up to 24 months. All of these reasons are the key points to help get more transformers projects in NA markets.

Last but not least, Daelim has local after-sales installation services team in North America, South America and other regions and provides 24-hour technical consulting services. Daelim’s Pad Mounted Transformer, Small Substation Transformer and HV Power Transformer has been applied to many fields such as photovoltaic power generation, battery energy storage, commercial, residential houses and etc.

Visit the official website of Daelim: www.daelimtransformer.com and www.daelimbelefic.com to get more information.

PR Newswire

70mai Launches the 2-Hour Full Recharged Power Station

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Tera 1000, brings users with the endless power on the move

SHANGHAI, Dec. 2, 2022 /PRNewswire/ — 70mai, an industry leading consumer electronics brand, announced today its official launch of 70mai Power Station Tera 1000. This durable & easy-to-use power station first debuted for pre-order last year, and it had achieved over $1.5 million in sales globally.

Tera 1000 is now officially available in the US on 70mai Official Store. Packed with clean electricity and solar charging, Tera 1000 is made for everyday power needs at home, off the grid, or on the way.


2-Hour full recharging for durable & reliable power

With 1200W rated power & 2400W surge power and 10 outlets, Tera 1000 is designed to provide stable power to any mobile devices, majority of outdoor equipment and home appliances, even for car batteries.

Tera 1000 can be charged in 4 flexible ways: via AC outlet, gas generator, car cigarette lighter and solar panel. With advanced inverter technology, Tera 1000 fully recharges in as fast as 2 hours, or recharge to 80% in 1 hour.

Generates 50% less heat, while operates quieter

Tera 1000 is the industry’s first power station which is equipped with 3 built-in ventilation spaces, including a diecast aluminum heatsink. It achieves industry-leading level heat dissipation as Tera 1000 generates 50% less heat than competitors when working under the same condition.

The industry-pioneering ventilation structure replaces traditional fan cooling, enabling Tera 1000 to operate without the humming or buzzing noise. This guarantees that Tera 1000 gives users power along with extreme peace and quiet.


User friendly

Tera 1000 offers users a firm and comfortable grip with its ergonomic silicone handle. Equipped with a patented 2-in-1 inverter, Tera 1000 eliminates the bulky adapter, which allows users to carry energy around without being dragged down by extra weights.

Connected with 70mai APP through bluetooth to control remotely, Tera 1000 allows users to check status in real-time, monitor carbon emissions savings and so on.

“We are excited to officially introduce our Power Station Tera 1000 to the US, which is a step-up from existing options on the market. Tera 1000 embodies our dedication to prioritize reliability and ease of use, which we believe will truly create value for our customers.” – Product Manager From 70mai Power

To learn more about Tera 1000 and get a special deal, please visit 70mai.Store.

globalmaketing@70mai.com 

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PR Newswire

ReneSola Power Announces Acquisition of Emeren

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STAMFORD, Conn., Oct. 11, 2022 /PRNewswire/ — ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced the acquisition of Emeren Limited (“Emeren”), a United Kingdom-based utility-scale solar power and battery projects developer in Europe. The acquisition transaction was completed on October 10 through an all-cash deal with an earn-out provision.

Emeren is currently comprised of over 22 employees and has been a strategic partner of Renesola Power to co-develop ground-mounted solar and storage projects in Italy since 2021. Emeren has over 2.5 GW of pipeline under development (at different development stages) including over 2 GW of solar projects and over 500 MW of storage projects.

Mr. Yumin Liu, ReneSola Power Chief Executive Officer, said, “ReneSola Power is committed to accelerating solar development in Europe, the largest market in our global presence. The timing of this acquisition is excellent as it increases our project pipeline in Europe at a time when solar power purchase agreement prices have increased dramatically due to a supply shortage and favorable regulatory conditions. Further, the prestigious reputation, financial profile, and industry experience of Emeren are valuable assets to ReneSola Power as we expand our business footprint into Italy and other European countries. The acquisition is expected to generate healthy EBITDA immediately.”

Guido Prearo, CEO of Emeren, added, “I’m very excited about this acquisition as it offers unique synergies. ReneSola Power’s significant project development expertise and resources will enable us to grow stronger and more dynamic and benefit our partners and trusted clients. At the same time, we bring in-depth knowledge of the Italian market and other key European solar markets. I am confident we will achieve our solar development and storage milestones in the next few years and contribute significantly to ReneSola Power’s long-term growth.”

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.

About Emeren Limited

Emeren is a developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Currently, the Company has over 2.5GW of projects under development (mid- to early- stage), all backed by institutional investors’ capital. Emeren has leveraged on trusted partnerships with tier-1 international financial and industrial players in order to deploy top-notch financial solutions. For additional information about the Company, follow Emeren on LinkedIn or visit www.emeren.co.uk.

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Source: ReneSola Ltd.