NORWALK,
Conn., April 28, 2025 /PRNewswire/ -- Emeren
Group Ltd ("Emeren" or the "Company") (www.emeren.com)
(NYSE: SOL), a leading global solar project developer, owner,
and operator, today announced that the special committee (the
"Special Committee") of the Company's Board of Directors (the
"Board") has retained Kroll, LLC as its independent financial
advisor and Morrison & Foerster as its U.S. legal counsel. The
Special Committee was formed to evaluate and consider the
preliminary non-binding proposal received by the Board on
March 17, 2025 (the "Proposal") as
well as other potential strategic alternatives that the Company may
pursue.
The Board cautions the Company's shareholders and others
considering trading the Company's securities that no decisions have
been made with respect to the Proposal or any alternative strategic
option that the Company may pursue. There can be no assurance that
any definitive offer will be received, that any definitive
agreement will be executed relating to the transaction contemplated
by the Proposal or that any other transaction will be approved or
consummated. The Company does not undertake any obligation to
provide any updates with respect to any transaction, except as
required under applicable law.
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a renewable energy leader,
showcases a comprehensive portfolio of solar projects and
Independent Power Producer (IPP) assets, complemented by a
significant global Battery Energy Storage System (BESS) capacity.
Specializing in the entire solar project lifecycle — from
development through construction to financing — we excel by
leveraging local talent in each market, ensuring our sustainable
energy solutions are at the forefront of efficiency and impact. Our
commitment to enhancing solar power and energy storage underlines
our dedication to innovation, excellence, and environmental
responsibility. For more information, go
to www.emeren.com.
Safe Harbor Statement
This announcement contains forward-looking statements. 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," "targets, "confident" and similar
statements. Among other things, statements that are not historical
facts, including statements about Emeren's beliefs and
expectations, the business outlook and quotations from management
in this announcement, as well as Emeren's strategic and operational
plans, are or contain forward-looking statements. Emeren may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange
Commission, in its periodic reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. All
forward-looking statements are based upon management's expectations
at the time of the statements and involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: execution of
Emeren's strategies and business plans; growth and trends of the
industries in which Emeren operates; market acceptance of Emeren's
products and services; competition in the industries in which
Emeren operates; Emeren's ability to control costs and expenses;
Emeren's ability to retain key personnel and attract new talent;
relevant government policies and regulations relating to Emeren's
industry, corporate structure and business operations; seasonality
in the business; fluctuations in currencies exchange rates;
risks related to acquisitions or investments Emeren has made or
will make in the future; accounting adjustments that may occur
during the quarterly or annual close or auditing process; and
fluctuations in general economic, political, geopolitical and
business conditions. Further information regarding these and
other risks are included in Emeren's filings with the U.S.
Securities and Exchange Commission. All information provided
in this announcement and in the attachments is as of the date of
the announcement and based on assumptions that Emeren believes to
be reasonable as of this date, and Emeren undertakes no obligation
to update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please
contact:
Emeren Group Ltd - Investor Relations
+1 (925) 425-7335
ir@emeren.com
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SOURCE Emeren Group Ltd
