ReneSola receives $11 mn equity funding from Shah Capital

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ReneSola has received $11 million equity funding from Shah Capital Opportunity Fund to expand its global project development activities.

Shah Capital is appointing Ke Chen and Kaiheng Feng as new directors in ReneSola.

ReneSola CEO Shelley Xu said: “This capital infusion substantially strengthens our balance sheet, enabling us to accelerate our growth and more quickly execute our transformation into an asset-light solar developer.”