NORWALK, Conn., April 28, 2025 — Emeren Group Ltd (“Emeren” or the “Company”) () (NYSE: SOL), a premier global developer, owner, and operator of solar projects, announced today that the Special Committee of the Company’s Board of Directors has appointed Kroll, LLC as its independent financial advisor and Morrison & Foerster as its U.S. legal counsel. The Special Committee was established to assess the preliminary non-binding proposal that the Board received on March 17, 2025, as well as other possible strategic options for the Company.
The Board advises the Company’s shareholders and those considering trading its securities that no decisions have been made regarding the Proposal or any alternative strategic option the Company might pursue. There is no guarantee that a definitive offer will be received, that any definitive agreement relating to the transaction considered by the Proposal will be executed, or that any other transaction will be approved or completed. The Company is not obligated to provide updates on any transaction, unless required by law.
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a leader in renewable energy, presents a broad portfolio of solar projects and Independent Power Producer (IPP) assets, along with substantial global Battery Energy Storage System (BESS) capacity. We specialize in the entire solar project lifecycle—from development to construction to financing—and excel by utilizing local talent in each market, ensuring our sustainable energy solutions are efficient and impactful. Our dedication to improving solar power and energy storage highlights our commitment to innovation, excellence, and environmental responsibility. For more information, visit .
Safe Harbor Statement
This announcement includes forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “confident,” and similar expressions. Forward-looking statements include statements that are not historical facts, such as statements about Emeren’s beliefs and expectations, business outlook, management quotations, and strategic and operational plans. Emeren may also make forward-looking statements in its reports to the U.S. Securities and Exchange Commission, shareholder reports, press releases, written materials, and oral statements by its officers, directors, or employees. All forward-looking statements reflect management’s expectations at the time and involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those in any forward-looking statement, including the execution of Emeren’s strategies and business plans; industry growth and trends; market acceptance of Emeren’s products and services; industry competition; Emeren’s ability to control costs; Emeren’s ability to retain and attract key personnel; government policies and regulations relating to Emeren’s industry, corporate structure, and business operations; seasonality; currency exchange rate fluctuations; risks related to acquisitions or investments; accounting adjustments; and general economic, political, geopolitical, and business conditions. Further information about these and other risks is available in Emeren’s filings with the U.S. Securities and Exchange Commission. All information in this announcement and its attachments is current as of the announcement date and based on assumptions Emeren considers reasonable. Emeren does not commit to updating any forward-looking statement, except as legally required.
For investor and media inquiries, please contact:
Emeren Group Ltd – Investor Relations
+1 (925) 425-7335
SOURCE Emeren Group Ltd
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