ReneSola Ltd (SOL) has signed an agreement to acquire certain assets, including solar projects and accounts receivable, from an undisclosed U.S.-based developer in an all-stock deal that values the assets at approximately $8 million. Once completed, the transaction would immediately increase Renesola Power's development pipeline by approximately 200 MW.
ReneSola said the acquisition provides it with access to utility projects and development activities in a number of states, including Pennsylvania, California, New York, Maine, Illinois and Arizona. The deal is anticipated to close by the end of the third quarter of 2020.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.