ReneSola : Q4 2021 Earnings Presentation

Q4 2021 Earnings Presentation

March 23, 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.

SOL

2

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

180 MW

In Operation

2,182 MW

Mid-to-late stage

Pipeline

(Est. COD: 2022-25)

Operating Assets		Mid-to-late Stage Project Pipeline
(MW)					(MW)
China DG	156			U.S.	728
U.S.	24			Poland	594
				Spain	286
Total	180
				U.K.	214
				Germany	37
				France	100
				Hungary	52
				Italy	57
As of December 31, 2021				China	114
				Total	2,182

	SOL	3
NYSE LISTED

Global Project Development Pipeline

(As of December 31, 2021)

USA: Utility-Scale and Community Solar Projects

U.S.A.	Location	MW (DC)	Project Type	Status	Expected NTP / Sale	Business Model
Minnesota	MN	6	Community	Under development	2022	NTP Sale
New York	NY	170	Community + Utility	Under development	2022	NTP Sale
Florida	FL	100	Utility	Under development	2022/2023	NTP Sale
Maine	ME	10	DG & Community	Under development	2022	NTP Sale
Welcome Solar portfolio	PA	70	Utility + Storage	Under development	2022	NTP Sale
Gibson Solar	CA	35	Utility + Storage	Under development	2022/2023	NTP Sale
Illinois	IL	50	Utility + Storage	Under development	2023/2024	NTP Sale
Virginia	VA	7	Community	Under development	2023/2024	NTP Sale
California	CA	280	Utility + Storage	Under development	2024/2025	NTP Sale

Total 728

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.

SOL	5
NYSE LISTED