January 31 (Renewables Now) - Photovoltaic (PV) project developer and operator ReneSola Ltd (NYSE:SOL) on Monday announced it has changed its corporate name to Emeren Group Ltd following the acquisition of UK sector player Emeren Ltd.
The new branding comes with a new company logo, tagline and corporate website. The changes are effective immediately. Meanwhile, the “SOL” trading symbol for the company’s stock will remain unchanged.
According to the statement, Emeren stands for “empowering renewables” and reflects the company’s progress and commitment to renewable energy development and the logo symbolises the firm’s dedication to the solar industry.
"This rebranding not only provides us with a clear direction and foundation as we aim to become the world's premier solar project developer and operator [..],” said Yumin Liu, Emeren's CEO.
Emeren’s new name will be changed on the New York bourse on or about February 9, 2023.
Emeren owns a roughly 3-GW pipeline of projects and independent power producer (IPP) assets across Europe, North America and Asia. Last October, it agreed to buy UK-based Emeren Ltd along with its portfolio of 2 GW of utility-scale solar projects and 500 MW of energy storage schemes.