ReneSola : Q1 2022 Earnings Presentation

Q1 2022 Earnings Presentation

June 7, 2022

SOL

LISTED

NYSE

Safe Harbor Statement

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.

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NYSE LISTED

A Pure Downstream Player

Downstream Player Focused: to develop small to medium size utility scale projects including community solar

• Development

•	EPC Management	Global: projects diversified in 10 countries, with solid development pipeline focused on U.S. and Europe
•	Asset Management
•	IPP	High Yield: to own and operate commercial projects with high equity IRR

183 MW

In Operation

2,073 MW

Mid-to-late stage

Pipeline

(Est. COD: 2022-25)

1 GWh

Storage Pipeline

	Operating Assets		Mid-to-late Stage Project Pipeline
	(MW)				(MW)
	China DG	159		U.S.	552
	U.S.	24		Poland	620
				Spain	304
	Total	183
				U.K.	235
	Storage Pipeline
	(MWh)			Germany	40
				France	112
	U.S.	800
	Europe	200		Hungary	102
	Total	1,000		Italy	34
				China	74
	As of March 31, 2022			Total	2,073

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Global Project Development Pipeline

(As of March 31, 2022)

USA: Utility-Scale and Community Solar Projects

U.S.A.	Capacity (MW)	Project Type	Status	Expected NTP/Sale	Business Model
Alabama	75	Utility PV + Storage	Under Development	2023/2024	NTP Sale
California	166	Utility PV+Storage	Under Development	2022/2023	NTP Sale
Florida	100	Utility Scale	Under Development	2022	NTP Sale
Illinois	48	Utility PV+Storage	Under Development	2023/2024	NTP Sale
Maine	12	DG & Community Solar	Under Development	2022/2023	NTP Sale
Minnesota	6	Community Solar	Under Development	2022/2023	NTP Sale
New York	75	Community + Utility	Under Development	2022/2023	NTP Sale
Pennsylvania	70	Utility Scale PV+Storage	Under Development	2022	NTP Sale
Total	552

Proven track record in MN, MA and NC

• Focused on the development of solar projects since 2015;
• Monetized community solar project portfolios in several states;

Business growth focus on both acquisitions and greenfield development

• Project opportunities in community solar markets in MN, ME, PA and NY, with other new markets being developed;
• Pursuing utility scale projects in CA, NY, PA, IL, ME, FL and several other states;
• Pipeline expansion through early-stage acquisitions, co-development and self-originated greenfield projects.
  Value drivers
• Maximize development profit through the entire project development cycle;
• Develop high quality, fully de-risked and well optimized projects.

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NYSE LISTED