ReneSola Power appoints Board member Himanshu Shah as Chairman of the Board of Directors

– USA, CT –  ReneSola Ltd (NYSE: SOL), a leading fully integrated solar project developer, today announced the appointment of Board member Himanshu Shah as Chairman of the Board of Directors.

“We are very pleased to welcome Himanshu Shah as Chairman of our Board. Himanshu brings a unique combination of leadership ability, strategic vision, and strong drive for success further revitalizing our company.” said CEO Yumin Liu.

About Himanshu H. Shah

Himanshu H. Shah is the Founder and CIO of Shah Capital which is a long-term stakeholder and has over 22% ownership of ReneSola Power. Himanshu joined ReneSola Power as a Director in March 2022. Himanshu has opted to continue not receiving any compensation from the Company. He is also the Executive Chairman of Marius Pharmaceuticals and previously served on the Board of Directors of Vitamin Shoppe. Himanshu brings over thirty years of experience in global capital markets and entrepreneurial business acumen. Over the years, he has successfully advised many Shah Capital portfolio companies on both pragmatic strategy and disciplined execution.

“I appreciate our Board’s trust and look forward to continuing working with our management team in growing our pipeline and becoming more profitable,” said Himanshu Shah.

About ReneSola Power

ReneSola Power is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management, and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across a number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota, and New York.

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