This presentation may contain forward-looking statements and management may make additional forward-looking statements in response to your questions. These statements are made under the ''safe harbor'' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements concerning our beliefs, forecasts, estimates and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that our results of operations may fluctuate from period to period; the risk of PRC governmental policy changes; the risk that we face intense competition from other solar companies; the risk that PRC economic, political and social conditions as well as government policies can affect our business and other risks outlined in our public filings with the Securities and Exchange Commission, including our annual report on Form 20-F.
The forward-looking statements made in this presentation relate only to events or information as of the date on which the statements are made in this presentation. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOL
2
NYSE LISTED
Investment Thesis
Accelerating Growth
Cost of solar power reaches grid parity
Incentive programs encourage industry growth
Reducing Risk
Tight focus on attractive phase of development cycle
Business model is profitable and capital efficient
Key Competitive Advantages
Strong execution with proven record of successful power station investment
High yield pure downstream player
Globally diversified pipeline with focus on high-growth markets
Focus on growing quality project portfolio
Improving Financial Position
Solid financial performance with bottom line focus
Market-leadingposition in several European and US regions
Solar power project development, EPC management and project financing services
Focus on growing quality project portfolio
Global Footprint with Primary Focus on US and Europe
Focus on high-margin project development and selective IPP opportunities in profitable and growing markets
New management team with extensive industry experience
Local professional teams spread across > 10 countries
5
Long-term Model
Revenue 15% - 20%
Growth
Gross >25%
Margin
Operating <7%
Expenses
EBITDA >20%
Margin
NYSE LISTED
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ReneSola Ltd. published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 16:42:07 UTC.
Emeren Group Ltd (Emeren) is a global solar project developer, owner, and operator with a pipeline of projects and independent power producer (IPP) assets totaling over three gigawatts (GW), as well as a storage pipeline of over 10 Gigawatt hours (GWh) across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. Emeren North America develops utility and community scale solar, solar plus storage, and stand-alone storage projects. In China, Emeren is focused on project development, construction, and operations of distributed solar power generation and energy storage facilities. Its European market is focused on developing medium and large-scale ground-mounted photovoltaic (PV) plants. The Company also operates a 10.76 megawatt-hour (MWh) portfolio comprising six energy storage power stations, located in Zhejiang Province.