Investor FAQ


Investor FAQ

What year was ReneSola incorporated?

ReneSola operated as Zhejiang Yuhui beginning in June 2005 and commenced the solar power business in July 2005. ReneSola Ltd, or ReneSola, was incorporated in the British Virgin Islands on March 17, 2006 in preparation for our initial public offering.

Where is ReneSola based?

ReneSola's corporate headquarters is located in the U.S.. You may contact us at the following address:

ReneSola Ltd
3rd floor, 850 Canal St
Stamford, CT 06902
U.S.A.

Tel: +1 (347) 577-9055 x115.
Email: ir@renesolapower.com 

Website: www.renesolapower.com

What does ReneSola do?

ReneSola (NYSE: SOL) is a leading global solar project developer and operator. We are focused on developing solar projects in profitable and growing markets in the U.S. and Europe.

What are ReneSola's strengths?

  1. Proven record of successful solar power project investment
    ReneSola is focused on the development of solar projects. As of September 30, 2019, the Company successfully completed 745 MW of solar power projects, and is operating approximately 241 MW solar power projects globally. Meanwhile, ReneSola has also established good partnerships with customers and investors, and developed a network of financing partners.
     
  2. High yield pure downstream player
    With a strong focus on distributed generation and community solar, ReneSola owns and operates commercial projects with relatively attractive return. We are highly experienced in developing and operating small-scale DG projects with high FiT/PPA prices. We have expanded our presence to more than 10 countries, where we have solid knowledge of the local energy policies.
     
  3. Globally Diversified Profile
    Our Project Development business targets a number of countries and regions where the solar power project markets are growing rapidly now, and should sustain that growth due to improved clarity around government policies. We have built local professional teams in more than 10 countries around the world, and our business spreads across the U.S., Canada, China, Poland, Hungary, Spain, France and other emerging markets in Southeast Asia. 
     
  4. Experienced management team
    ReneSola's management team is comprised of highly skilled professionals with an average of 15-20 years of experience across project management, strategic investment, capital markets, financial transactions, and private equity in clean technology and renewable energy.

Where are ReneSola's shares traded?

ReneSola's American depositary shares (ADS), each representing 10 underlying shares, are traded on the New York Stock Exchange (NYSE) under the ticker "SOL".

How do I purchase shares of ReneSola?

To purchase shares, you will need to do so through a broker. If you do not have a brokerage account, you will need to open one.

How many shares of ReneSola stock are outstanding?

Updated share information can be found in our quarterly earnings announcements or in our most recent 6-K or 20-F filings with the U.S. Securities and Exchange Commission (SEC); all of which can be accessed via the Investor Relations section of our website under Financial Reports or SEC Filings.

What is the CUSIP number for ReneSola's shares?

75971T301

When does ReneSola's fiscal year end?

ReneSola's fiscal year ends on December 31st each year.

Where can I find information about ReneSola’s executive staff?

ReneSola provides profiles of its executive management staff in the corporate governance section of the Company’s Investor Relations website: http://ir.renesolapower.com/investor-overview.

How many employees does ReneSola have?

As of December 31, 2018, ReneSola had 222 full-time employees.

How do I contact ReneSola's depositary?

The depositary bank for our American Depositary Shares (ADSs) is The Bank of New York Mellon. The depositary's administrative office is located at 240 Greenwich Street, New York, New York 10286. For additional information, please contact The Bank of New York Mellon at + 1 (888) 269-2377 for U.S. callers or at +1 (201) 680-6825 for non-U.S. callers or write to shrrelations@bnymellon.com.

What is the "Depositary Servicing Fee" that appears on my brokerage statements and why am I being charged this fee?

The Bank of New York Mellon, as Depositary, assesses an annual Depositary Servicing Fee (DSF) to holders of ADSs pursuant to the Deposit Agreement which was filed as an Exhibit to the Registration Form F-6 filed with the SEC upon the establishment of the ADS program. Please refer to Section 5.09 of the Deposit Agreement at (http://www.sec.gov/Archives/edgar/data/1417892/000101915508000011/depositagmtbnyrenesola.htm) and to the Company's Form 20-F (see below). Additionally, the Depositary typically provides notice to the Depository Trust Company (DTCC) 30 days or more in advance of the ADS record date. This notification period allows for sufficient time for brokers to inform their beneficial holders of the upcoming DSF charges at the time of the purchase of ADSs and the ongoing DSF charges following the purchase of ADSs.

On November 21, 2019, the Company and Bank of New York Mellon reached an agreement to waive the annual depositary service fee for the holders of the Company's ADSs. As a result, the owners and holders of the Company’s American Depositary Receipts are no longer obligated to pay the Annual depositary servicing fees.

Are there any other fees that I should be aware of?

In addition to the Depositary Servicing Fee, other event-specific fees may include:
  • Issuance or Cancellation Fees - US$5.00 (or less) per 100 ADSs (or portion of 100 ADSs) (issuance of ADSs, includes but not limited to, delivery of ADSs resulting from deposit of Shares and distribution of stock or rights or other property; cancellation of ADSs, includes but not limited to, the surrender of ADSs for the purpose of withdrawal of Shares and termination of the ADS program)
  • Cash Distribution - US$0.02 (or less) per ADS
  • Registration or Transfer Fees - Typically charged by the local registrar for transfer or re-registration of Shares
  • Other Depositary Fees - Cable fees, FX fees, taxes and other governmental charges, and others depending on the type of transaction
ReneSola includes a fee schedule in their form 20F. Please refer to Item 12D
from this link: https://www.sec.gov/Archives/edgar/data/1417892/000114420419021681/tv518702_20f.htm#a_015

Who is ReneSola's independent accountant? How long have they worked with ReneSola?

Grant Thornton has worked with ReneSola since 2018.
Kirkland & Ellis has served as our legal advisor since 2011.

How many independent directors are on ReneSola's board of directors? Where can I find more information on ReneSola's board of directors?

ReneSola currently has 3 independent directors. More information can be found under the Corporate Governance section of the Company’s Investor Relations website: http://ir.renesolapower.com/investor-overview.

How do I contact ReneSola Investor Relations?

To contact ReneSola Investor Relations, please send an email to ir@renesolapower.com or contact:

In the United States:

ReneSola Ltd
Mr. Adam Krop
+1 (347) 577-9055 x115
IR.USA@renesolapower.com

The Blueshirt Group 
Mr. Ralph Fong
+1 (415) 489-2195
ralph@blueshirtgroup.com


In China:

ReneSola Ltd
Ms. Ella Li
+86 (21) 6280-8070 x102
Ella.li@renesolapower.com

The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
+86 (138) 1079-1480
gary@blueshirtgroup.com
 

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