2017-01-25 | Editor : rheatsao 1418 pageviews

ReneSola Secures RMB 3 Billion Fund over Next Three Years

ReneSola, a fully-integrated solar project developer and provider of energy-efficient products, today announced that it formed a strategic partnership with China Resources Leasing Co., Ltd., a subsidiary of China Resources (Holdings) Co., Ltd (China Resources), a conglomerate registered in Hong Kong with seven key strategic business units and over 1,900 business entities.

Under the terms of the partnership agreement, China Resources Leasing will provide ReneSola with an annual credit facility of no less than RMB 1 billion for the Company's solar downstream project development.

Xianshou Li, Chairman and Chief Executive Officer of ReneSola, commented: "We are excited to partner with China Resources. The annual credit facility will provide an important capital infusion enabling us to execute our downstream project development plan. We believe that getting this financial commitment from a high profile and successful firm such as China Resources validates the quality of our project pipeline. We expect project development to continue to drive our growth in 2017 and beyond."

Related Entries
SOLAR MARKET STATUS

Si-Wafer Price Decreases Again; Market Condition will Improve after Chinese New Year: Price Trend

PolysiliconThe decrease of prices for PV cell and si-wafer in January was quite large. Many medium and small manufacturers needed poly.. more

RESEARCH

N-Type Solar Cell Technologies Are Expected to Enter Mass Production in 2018, Driven by China’s Top Runner Program

EnergyTrend, a division TrendForce, has recently published a new report Market of Advanced PV Technology. According to the report,.. more

Heraeus

Solar Report   Battery / EV Reoprt

announcements