ReneSola has signed a memorandum of intent to sell threegrid-connected projects totaling 60MW to Jiangsu Akcome Solar Science &Technology. No timescale or financial details for the deal were disclosed.
The sale will help cut ReneSola’s debt – totaling $831.2m atthe end of the last quarter – and boost cash flow, says chief executiveXianshou Li.
“We will have greater flexibility to further expand our businessin new and existing markets,” says Li.
The
