Q2 2022 Earnings Presentation

September 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.

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

186 MW

In Operation

2,404 MW

Mid-to-late stage

Pipeline

(Est. COD: 2022-25)

1 GWh

Storage Pipeline

Operating Assets

(MW)

China DG

162

U.S.

24

Total

186

Storage Pipeline

(MWh)

U.S.800

Europe240

Total1,040

As of June 30, 2022

Mid-to-late Stage Project Pipeline

(MW)

U.S.653

Poland705

Spain304

U.K.235

France117

Hungary102

Italy92

Germany40

China156

Total2,404

SOL

3

NYSE LISTED

Global Project Development Pipeline

(As of June 30, 2022)

USA: Utility-Scale and Community Solar Projects

U.S.A.

Capacity (MW)

Project Type

Status

Expected NTP/Sale

Business Model

Minnesota

6

Community

Under Development

2022

NTP Sale

New York

130

Community + Utility

Under Development

2022

NTP Sale

Florida

100

Utility

Under Development

2022/2023

NTP Sale

Maine

10

DG & Community

Under Development

2022

NTP Sale

Pennsylvania

70

Utility + Storage

Under Development

2022

NTP Sale

Illinois

50

Utility + Storage

Under Development

2023/2024

NTP Sale

Virginia

7

Community

Under Development

2023/2024

NTP Sale

California

280

Utility + Storage

Under Development

2024/2025

NTP Sale

Total

653

Proven track record in MN, ME, NC and NY

  • 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

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ReneSola Ltd. published this content on 07 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 20:19:04 UTC.