"We believe that bringing in a strategic investor not only validates the quality of our DG project pipelines but also creates significant synergies between both parties and enhances market confidence. ReneSola has sold a 40.13 % stake in its Chinese subsidiary , China ReneSola Investment , for RMB200 m ( $ 3.5 m ) to an unnamed investor . Group CEO Xianshou Li said the deal would help the firm complete the 187 MW of distributed generation ( DG ) projects on its portfolio , and achieve its target of between 350 MW and 400 MW of Chinese DG schemes by the end of the year .
ReneSola has sold a 40.13 % stake in its Chinese subsidiary , China ReneSola Investment , for RMB200 m ( $ 3.5 m ) to an unnamed investor . Group CEO Xianshou Li said the deal would help the firm complete the 187 MW of distributed generation ( DG ) projects on its portfolio , and achieve its target of between 350 MW and 400 MW of Chinese DG schemes by the end of the year .