ReneSola Announces Senior Management Changes

ReneSola Ltd (“ReneSola” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully-integrated solar project developer and operator, today announced that, due to personal reasons, Kevin Chen has decided to resign as President of the U.S. region to pursue other interests, effective November 10, 2017. In the meantime, the Company has appointed Doran Hole as Chief Executive Officer of North America and Group Vice President of Strategy, which will be effective November 13, 2017.

Doran will report to the Company’s Group Chief Executive Officer and will be responsible for spearheading the project development efforts and managing operations and finance in North America. Additionally, in this expanded position, Doran will lead the Company’s capital market activities.

Doran joined ReneSola in December 2016 as CFO of ReneSola U.S. He brought over 20 years of experience across the capital markets with a focus on renewable energy. Prior to joining ReneSola, Doran worked at multiple institutions such as Deutsche Bank, ING and Macquarie. Doran is a CFA charter holder and Certified Public Accountant.

Xianshou Li, ReneSola’s Chief Executive Officer, commented, “Doran’s deep knowledge of the solar industry, experience in structuring complex financial transactions, and understanding of the US regulatory and tax regimes have played a critical role in the success leading our U.S. business unit. As the Company transitions to a pure play project developer and operator in this dynamic solar market, we look forward to seeing future growth and expansion under Doran’s leadership and we are confident in his ability to effectively drive the Company to improved financial and operational performance.”

Mr. Li continued, “We greatly appreciate the contributions Kevin has made during his tenure at ReneSola. We respect his decision and wish him the very best in his future endeavors.”