ReneSola has sold a 40.13% stake in its Chinese subsidiary, Zhejiang ReneSola Investment , for RMB200m ( US$31.4 million ) to an unnamed investor. We are confident that our DG project development in China will continue to drive our growth in 2018 and beyond. ReneSola CEO Xianshou Li said the agreement would help the firm complete the 187 MW of distributed generation (DG) projects on its books, and achieve its target of between 350 MW and between 350 MW of Chinese DG schemes by the end of the year .
ReneSola has sold a 40.13% stake in its Chinese subsidiary, Zhejiang ReneSola Investment , for RMB200m ( US$31.4 million ) to an unnamed investor. ReneSola CEO Xianshou Li said the agreement would help the firm complete the 187 MW of distributed generation (DG) projects on its books, and achieve its target of between 350 MW and between 350 MW of Chinese DG schemes by the end of the year .