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Washington, D.C. 20549












Date of report (Date of earliest event reported): February 12, 2024





(Exact Name of Registrant as Specified in Its Charter)




British Virgin Islands 001-33911 N/A

(State or other jurisdiction

of incorporation)


File Number)

(IRS Employer

Identification No.)


100 First Stamford Place, Suite 302

Stamford, Connecticut

(Address of principal executive offices) (Zip Code)


Registrant’s telephone number, including area code: +1 510-631-6550



(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
American Depositary Shares, each representing Common stock, 10 shares, no par value per share   SOL   New York Stock Exchange


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨






 Item 8.01 Other Events.


On February 12, 2024, Emeren Group Ltd (the “Company”) issued a press release to announce that its Board of Directors has approved an accelerated stock repurchase program (“ASR”) of up to $10 million. A copy of the Company’s press release, issued February 12, 2024, regarding the ASR is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


Exhibit No.   Description
99.1   Press Release
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: February 12, 2024 By: /s/ Ke Chen
    Ke Chen
    Chief Financial Officer




 Exhibit 99.1




Emeren Group’s Board of Directors Approves an Accelerated Stock Repurchase Program up to $10 million


Stamford, CT, February 12, 2024 – Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that its Board of Directors has approved an accelerated stock repurchase (ASR) program of up to $10 million and could be completed by the end of March 2024. This ASR is incremental to the $11 million remaining authorization in Emeren’s buyback program at the end of Q3 2023.


Yumin Liu, CEO of Emeren Group, stated, "This accelerated stock repurchase program underscores the Board’s confidence in the company’s future growth and its commitment to delivering shareholder value. With our expertise in solar project development, strong industry network, and solid balance sheet, we are making significant progress towards becoming an industry leading global solar and storage developer. Our strategic focus remains on maintaining a lean cost structure and achieving sustainable profitability, while monetizing our extensive advance-stage project pipeline."


About Emeren Group Ltd


Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a pipeline of projects and IPP assets totaling over 3 GW, as well as a storage pipeline of over 10 GWh across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com


Safe Harbor Statement


This press release contains statements that constitute ''forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Whenever you read a statement that is not simply a statement of historical fact (such as when the Company describes what it "believes," "expects" or "anticipates" will occur, what "will" or "could" happen, and other similar statements), you must remember that the Company's expectations may not be correct, even though it believes that they are reasonable. The Company does not guarantee that the forward-looking statements will happen as described or that they will happen at all. Further information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements is included in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's annual report on Form 20-F. The Company undertakes no obligation, beyond that required by law, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made, even though the Company's situation may change in the future.


For investor and media inquiries, please contact:


Emeren Group Ltd

Suzanne Wilson

+1 (510) 631 6550



Emeren Group Ltd - Investor Relations



The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796