ReneSola to Sell China Seven Star 200 Megawatts of Plants

ReneSola Ltd. (SOL), a Chinese solar panel manufacturer, agreed to sell Hong Kong-based China Seven Star Holdings Ltd. (245) at least 200 megawatts of solar power projects through the end of 2015.

ReneSola will sell existing and new projects, including four in Bulgaria and Romania, under a preliminary agreement, the Jiashan, China-based company said today in a statement.

ReneSola also agreed to sell two projects totaling 9.7 megawatts of capacity that are already marketing power into the grid in Bulgaria.

To contact the reporter on this story: Ehren Goossens in New York at egoossens1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Jim Efstathiou Jr., Carlos Caminada

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