Tag Archives: UTI

PR Newswire

ReneSola Power Announces Results of Annual General Meeting

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STAMFORD, Conn., Dec. 22, 2020 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully-integrated solar project developer, today announced the results of its 2020 annual general meeting of shareholders. Specifically, the Company’s annual general meeting of shareholders approved the following:

  1. The consolidated financial statements of the Company for the year ended December 31, 2019, together with the reports of the auditors thereon.
  2. The re-election of Mr. Wee Seng Tan and Mr. Martin Bloom as directors of the Company, who are retiring by rotation and offering themselves for re-election in accordance with the Company’s articles of association.
  3. The amendment of 2007 Share Incentive Plan (as amended and restated as of January 21, 2009, August 20, 2010 and August 29, 2016) to increase the maximum aggregate number of shares which may be issued under the 2007 Share Incentive Plan from 12, 500,000 shares to 22,500,000 shares.

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 a 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.

Related Links :

http://www.renesolapower.com

PR Newswire

JinkoSolar Announces At-The-Market Offering of ADSs

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SHANGRAO, China, Dec. 16, 2020 — JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the "Company," or "JinkoSolar"), one of the largest and most innovative solar module manufacturers in the world, today announced that it has filed a prospectus supplement to sell up to an aggregate of US$100,000,000 of its American depositary shares ("ADSs"), each representing four ordinary shares, through an at-the-market equity offering program. The ADSs will be offered through Credit Suisse and Barclays as sales agents.

Sales, if any, of the ADSs under the at-the-market equity offering program will be made from time to time, at the Company’s discretion, by means of ordinary broker transactions on or through the New York Stock Exchange (the "NYSE") or other markets for its ADSs, sales made to or through a market maker other than on an exchange, or otherwise in negotiated transactions at market prices prevailing at the time of sale or at negotiated prices, or as otherwise agreed with the sales agents. JinkoSolar intends to use the net proceeds from the sales of its ADSs for its production capacity expansion and other general corporate purposes. The production capacity expansion will be conducted mainly through Jiangxi Jinko, a 73.3% owned subsidiary of the Company in China, and therefore certain amount of the net proceeds from this offering will be transferred to Jiangxi Jinko in the form of intercompany loan. The intercompany loan will be made for up to three years at an interest rate equal to the then U.S. dollar LIBOR for one-year term loans plus 200 basis points.

The ordinary shares represented by ADSs will be offered under the Company’s shelf registration statement on Form F-3, which became effective on December 16, 2020. A prospectus supplement dated December 16, 2020 and a related base prospectus (included in the Company’s shelf registration statement on Form F-3) describing the terms of the offering have been filed with the Securities and Exchange Commission (the "SEC"). Investors are advised to read the prospectus supplement and the related base prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the at-the-market offering. A copy of the prospectus supplement and the related base prospectus may be obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY, 10010, by phone at (800) 221-1037, or by e-mail at newyork.prospectus@credit-suisse.com; and Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone toll free at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com.  

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The offering may be made only by means of a prospectus supplement and the related base prospectus.

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of September 30, 2020.

JinkoSolar has 9 productions facilities globally, 21 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Hong Kong, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of September 30, 2020.

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 U.S. Securities and Exchange Commission, 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:

Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

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

In the U.S.:

Ms. Linda Bergkamp Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.jinkosolar.com

PR Newswire

CBAK Energy Announces the Closing of $49.2 Million Registered Direct Offering

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DALIAN, China, Dec. 11, 2020 — CBAK Energy Technology, Inc. ("CBAK Energy", or the "Company", NASDAQ: CBAT), a leading lithium-ion battery manufacturer and electric energy solution provider, today announced that it closed the registered direct offering of approximately $49.2 million of common stock at a price of $5.18 per share on December 10, 2020, as previously announced on December 8, 2020. The Company issued a total of 9,489,800 shares of common stock to the institutional investors. As part of the transaction, the Company also issued to the investors warrants ("Warrants") for the purchase of up to 3,795,920 shares of common stock at an exercise price of $6.46 per share, which Warrants have a term of 36 months from the date of issuance. The net proceeds from this offering will be used for general corporate and working capital purposes, including the repayment of some outstanding debts.

FT Global Capital, Inc. acted as the exclusive placement agent and The Benchmark Company, LLC acted as co-agent for the transaction. 

Bevilacqua PLLC acted as counsel to the Company and Schiff Hardin LLP acted as counsel to the placement agent in connection with the offering. PacGate Law Group provided due diligence services to the placement agent in connection with the offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, and these securities cannot be sold in any state in which this offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. All offers were made only by means of a prospectus, including a prospectus supplement pursuant to the Company’s effective shelf registration statement and base prospectus contained therein. The shelf registration statement (SEC Filing No. 333-250893) relating to the offering was filed with and declared effective by the Securities and Exchange Commission (the "SEC") on December 3, 2020. A prospectus supplement related to the offering was filed with the SEC on December 9, 2020 and is available at www.sec.gov.

For further details of this transaction, please see the Current Report on Form 8-K filed with the SEC on December 9, 2020 which may be viewed at www.sec.gov.

About CBAK Energy Technology, Inc.

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise engaged in the R&D, manufacture, and sales of high power lithium batteries. The application of its products and solutions covers such areas as electric vehicles, light electric vehicles, electric tools, transportation and energy storage. As the first lithium battery company in China listed in NASDAQ in 2006, CBAK Energy possesses China’s first production base specially engaged in power battery, and has multiple operating subsidiaries in both Dalian and Nanjing and a large-scale R&D and production base in Dalian.

For more information, please visit www.cbak.com.cn

Safe Harbor Statement 

This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

 

Related Links :

http://www.cbak.com.cn/

PR Newswire

Mycronic receives order for two SLX mask writers

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STOCKHOLM, Dec. 4, 2020 — Mycronic AB (publ) has received an order for SLX mask writers from an existing customer in the US. The order consists of two SLX mask writers and the total order value is between USD 12 and 16 million. Delivery of the first system is planned for the first quarter of 2022, while delivery of the second system is planned for the third quarter of the same year.

The SLX laser mask writer was launched at the end of October 2019 to meet rising demand for photomasks for the semiconductor industry, which is driven by long-term trends, and to meet the future need for replacement and modernization. Photomasks made by laser mask writers are very important in the manufacture of semiconductors and account for 70-75 percent of all photomasks produced. SLX is a new and modern mask writer based on the same technology as Micronics’s mask writers for displays.

"We are proud that Mycronic been entrusted to deliver additional SLX mask writers to an existing customer. It is gratifying that we see a continued great interest in SLX and that our product plan meets the semiconductor industry’s most demanding requirements on laser mask writers," says Charlott Samuelsson, Sr VP Pattern Generators at Mycronic.

Mycronic provides mask writers for manufacturing photomasks in several fields of application. These comprise display manufacturing (TVs, smartphones and tablets), production of semiconductors and applications in the multi-purpose market, a broad segment that comprises many different areas of application.

For additional information, please contact:

Charlott Samuelsson
Sr VP Pattern Generators
Tel: +46 709 844 282
e-mail: charlott.samuelsson@mycronic.com 

Tobias Bulow
Director Investor Relations
Tel: +46 734 018 216
e-mail: tobias.bulow@mycronic.com

The information in this press release was published on December 4, 2020, at CET 08:00 a.m.

About Mycronic

Mycronic AB is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in France, Japan, China, the Netherlands, Singapore, the United Kingdom, South Korea, Germany and the USA. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/mycronic-ab/r/mycronic-receives-order-for-two-slx-mask-writers,c3248672

The following files are available for download:

 

PR Newswire

Kalkine Pty Limited To Launch its ‘Australian Equity Technical Analysis Report’

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SYDNEY, Nov. 30, 2020 — Kalkine Pty Limited is pleased to announce the launch of a new technical analysis-driven research product ‘Technical Analysis Report’. This report aims to evaluate equity opportunities in consideration of sufficient risk-appetite and financial flexibility, and returns expected over a short timespan.

What Should be an Appropriate Stock Picking Strategy? Should One Buy Now or Wait for Better Results or Lower Valuations? These are some of the vital questions looming in the mind of prudent investors!

Stock markets often depend on the sentiments of market participants and the two prominent emotions include greed and fear. Evolving fundamentals and macroeconomic factors like GDP, socio-political stability, inflation, interest rates, etc. also influence stock prices. Technical analysis is one of the two main schools of market-analysis used to assess the price direction based on an identifiable price-pattern.

Over the past one-year, ASX All Ordinaries yielded a 0.77% return (till November 25, 2020, from Refinitiv); therefore, a technical analysis report developed after deep-research and backtesting by qualified experts might be helpful to benefit from price trends gauged.

Considering above, Kalkine’s Technical Analysis Report Offers:

  1. Extensive Technical Research: This report is based on a thorough technical analysis using price action, support, resistance, candlestick patterns, relative strength index, moving averages, etc.
  2. Swing Trading Opportunity:  By virtue of seizing short to medium-term gains, swing trading can provide an edge over fundamental analysis.
  3. Insights on Leading Sectors: ASX-listed stocks from leading sectors including FinTech, Telecom, Healthcare, Renewable Energy, E-Commerce, etc. are covered to gain from trending themes.
  4. High-Volume Stocks Coverage: Kalkine’s report covers stocks with above-average volumes showcasing the decent returns potential as they are generally more liquid and help easy execution of trades.
  5. Insights on Risk-Reward Scenario: Investors can weigh the prospective reward for the risks undertaken in light of an entry-level, target prices, and pre-defined stop-loss.

In summary, Kalkine’s Technical Analysis report (which is easy to comprehend with actionable insights) aims to cover stocks after an overall assessment of the global indices, taking cues from the major global news.

Note: Trading decisions require a thorough analysis by investors while evaluating stocks. Kalkine’s publications are NOT a solicitation/recommendation to buy, sell or hold stock(s) of company/companies or engage in any investment activity under discussion.

Company Name: Kalkine Pty Ltd.
Media Contact: Ms. Honey Bhargava
Email-id: honey.bhargava@kalkine.com.au

Logo: https://techent.tv/wp-content/uploads/2020/11/kalkine-pty-limited-to-launch-its-australian-equity-technical-analysis-report.jpg

 

PR Newswire

JinkoSolar Sells Its Stake in Abu Dhabi Sweihan Power Station

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SHANGRAO, China, Nov. 27, 2020 — 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 its wholly-owned subsidiary JinkoSolar Sweihan (HK) Limited ("Sweihan HK") has signed a share and debt purchase agreement with Jinko Power (HK) Company Limited ("Jinko HK"), an indirectly wholly-owned subsidiary of Jinko Power Technology Co., Ltd. ("JinkoPower") .

Pursuant to the agreement, Sweihan HK will sell its 50% equity interest in Sweihan Solar Holding Company Limited ("Sweihan Holding") to Jinko HK. Sweihan Holding holds a 40% equity interest in Sweihan PV Power Company PJSC (the "Project Company"), the operating entity of a 1,200 MW photovoltaic power plant in Abu Dhabi (the "Sweihan Power Station"). Upon completion of the transaction, which is subject to the closing conditions set forth in the agreement, Jinko HK will indirectly hold a 20% equity interest in the Project Company. The closing of this transaction is subject to approvals by Emirates Water and Electricity Company ("EWEC"), other shareholders of Sweihan Holding and the Project Company, and the project finance lenders.

The Sweihan Power Station is located in the Eastern Region of the Emirate of Abu Dhabi. In September 2016, JinkoSolar and Marubeni Corporation ("Marubeni") formed a consortium that won the bid for the project. All the power generated for an initial period of 25 years will be contractually sold to EWEC.

Mr. Kangping Chen, Chief Executive Officer of JinkoSolar, commented, "We are glad to have reached this agreement with JinkoPower. This divestiture will help JinkoSolar focus on its core business, enhance our strength and further sustain our long term growth in the global PV industry."

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for mono wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 9 productions facilities globally, 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina.

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 U.S. Securities and Exchange Commission, 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:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com

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

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

Related Links :

http://www.jinkosolar.com

PR Newswire

JinkoSolar to Report Third Quarter 2020 Results on December 7, 2020

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SHANGRAO, China, Nov. 27, 2020 — 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 it plans to release its unaudited financial results for the third quarter ended September 30, 2020 before the open of U.S. markets on Monday, December 7, 2020.

JinkoSolar’s management will host an earnings conference call on Monday, December 7, 2020 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500

U.S. Toll Free:

+1 855-824-5644

Passcode:

27311972#

Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, December 14, 2020. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405

U.S.:

+1 646 982 0473

Passcode:

319339095#

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar’s website at http://www.jinkosolar.com.

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, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for silicon wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020.

JinkoSolar has 9 production facilities globally, and 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United  Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina.

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 U.S. Securities and Exchange Commission, 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. Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
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

Related Links :

http://www.jinkosolar.com

PR Newswire

ReneSola Power Announces Closing of Sale of 4.3 MW Solar Projects in the UK

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STAMFORD, CT, Nov. 24, 2020 — ReneSola Ltd (NYSE: SOL) ("ReneSola Power" or the "Company"), a leading fully-integrated solar project developer, today announced the closing of the sale of a portfolio of operating projects located in the United Kingdom to Atmosclear Investments Ltd, an European renewable energy and cleantech private equity group. 

The portfolio comprises 1,509 residential rooftop projects located in Scotland, with a combined capacity of 4.3 MW.  These projects are qualified under the feed-in tariff scheme and have been operating since 2015.

Mr. Yumin Liu, ReneSola Power Chief Executive Officer, commented, "We are excited to partner with Atmosclear Investments, and we look forward to building on this transaction and expanding our partnership with future opportunities.  Importantly, we continue to execute on our strategy and optimize our solar assets through strategic sales, which enables us to generate cash flow, realize profits and further strengthen our balance sheet. We are proud of our execution, and remain optimistic about our opportunities across different geographies in the quarters ahead."

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 a 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.

About Atmosclear Investments

AtmosClear Investments is a renewable energy and clean-tech private equity group with offices in the United Kingdom and Switzerland.  Atmosclear began building residential solar rooftops in 2011. Since then, the firm has acquired, operated, and maintained solar rooftop assets throughout the country.  In 2018, Atmosclear Investments also acquired 9 solar farms in the South West of England for approximately £22.5 million, and

Related Links :

http://www.renesolapower.com

PR Newswire

Trina Solar and Tongwei Group Complete Joint Venture to Upgrade 210 Integrated Industrial Chain

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CHANGZHOU, China, Nov. 19, 2020 — On November 17, 2020, Trina Solar, a leading global PV and smart energy solution provider, announced a joint venture agreement with global photovoltaic giant Tongwei.

The latest agreement will see Trina Solar collaborate with Tongwei subsidiary Sichuan Yongxiang Co., Ltd, to upgrade their 210 industrial series modules that will help secure a stronger supply chain ecosystem going forward.

Gao Jifan, Chairman of Trina Solar, said: "Joint ventures and cooperation among strong players, who complement each other as well as Trina Solar and Tongwei Group do, will always create great advantages."

The partnership will see the two enterprises work together on four key project areas. The first includes a high-purity crystalline silicon project with an annual output of 40,000 tons, as well as an ingot project expected to produce an annual output of 15GW. There will be a wafer-cutting project with an annual output of 15GW, and a high-efficiency crystalline silicon cell project, also with an annual output of 15GW.

Total investment in the venture is estimated to be worth US$ 2.3 billion, with Trina Solar gaining a shareholding ratio of 35%, and the total registered capital contribution has been set at US$ 32 million.

Wu Qun, secretary of the board of directors of Trina Solar, said these major project investments are a key part of Trina Solar’s strategic development plan going forward.

"Trina Solar and Tongwei both have outstanding advantages in their roles for the industrial chain. They have reached a consensus on 210 series modules, and this cooperation will further strengthen our strategic partnership. Through the joint efforts of all industry partners, the 210-product industry chain has matured, and is now more conducive for deeper integration."

By the end of 2021, Trina Solar plans to have a photovoltaic module production capacity of no less than 50GW, most of which will be at 210 module production capacities. In the future, the company will continue to strengthen its scale advantages of advanced module production capacity based on large-size cells.

As part of the agreement, Trina Solar will purchase approx. 72,000 tons of polysilicon products between January 2021 and December 2023 from a number of Tongwei Group subsidiaries including Sichuan Yongxiang Polysilicon Co., Ltd., Sichuan Yongxiang New Energy Co., Ltd., Inner Mongolia Tongwei High Purity Crystal Silicon Co., Ltd., and Yunnan Tongwei High Purity Crystal Silicon Co.

Ms. Chen Ye, Assistant Vice President of Procurement Supply Chain Management of Trina Solar, said: "Trina Solar and Tongwei have an excellent relationship and we are very pleased to deepen this cooperation further."

"This long-term procurement will facilitate timely and effective responses to changes in the market, ensuring the long-term stability of Trina Solar’s supply chain, and will provide strong support for the production capacity of Vertex Series 210 ultra-high-power modules."

Trina Solar’s collaboration with Tongwei Group follows the signing of further procurement deals by the company in recent weeks.

On November 2, Trina Solar signed a 20GW silicon wafer procurement contract with Wuxi Shangji Automation Co., Ltd., and on November 15 signed an 85 million square meter photovoltaic glass procurement contract with Changzhou Almaden Co., Ltd.

About Trina Solar 

Founded in 1997, Trina Solar is the world leading PV and smart energy total solution provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world, and founded the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent energy. For more information, please visit www.trinasolar.com. 

Related Links :

http://www.trinasolar.com

PR Newswire

ReneSola Power to Release Third Quarter 2020 Financial Results on December 1, 2020

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STAMFORD, Conn., Nov. 13, 2020 — ReneSola Ltd ("ReneSola Power" or the "Company") (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, announced today that it will report its unaudited financial results for the third quarter ended September 30, 2020 after the U.S. stock market close on Tuesday, December 1, 2020. The Company will hold a conference call to discuss the financial results at 4:30 p.m. U.S. Eastern Time on Tuesday, December 1, 2020 (5:30 a.m. China Standard Time on Wednesday, December 2, 2020).

What:              ReneSola Ltd Third Quarter (ended September 30, 2020) Earnings Call
When:             4:30 p.m. U.S. Eastern Time on Tuesday, December 1, 2020 (5:30 a.m. China Standard Time on Wednesday, December 2, 2020)
Webcast:        http://ir.renesolapower.com/webcasts-presentations

Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.

Participant Online Registration: http://apac.directeventreg.com/registration/event/7488976

A replay of the conference call may be accessed by phone at the following numbers until December 9, 2020. To access the replay, please reference the conference ID 7488976.

Phone Number

Toll-Free Number

United States

+1 (646) 254-3697

+1 (855) 452-5696

Hong Kong

+852 3051-2780

+852 8009-63117

Mainland China

+86 (800) 870-0206

+86 (400) 602-2065

Other International

+61 (2) 8199-0299

A webcast of the conference call will be available on the ReneSola Power website at http://ir.renesolapower.com.

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 a 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.

Related Links :

http://www.renesolapower.com