ReneSola Ltd ("ReneSola Power" or the "Company") (NYSE: SOL), a leading fully integrated solar project developer, today announced that it entered into securities purchase agreements with several institutional investors for the purchase and sale of 10,000,000 of American Depositary Shares (ADSs), each representing ten (10) ordinary shares, at a purchase price of $25.00 per ADS, in a registered direct offering. The registered direct offering is expected to close on or about January 27, 2021, subject to the satisfaction of customary closing conditions.