UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES
EXCHANGE ACT OF 1934
For the
month of January 2010
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Commission
File Number: 001-33911
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RENESOLA
LTD
No. 8
Baoqun Road, YaoZhuang
Jiashan,
Zhejiang 314117
People’s
Republic of China
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
|
Form
20-F x
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Form 40-F o
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):________________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):________________
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
|
Yes
o
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No x
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If "Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82-
N/A
SIGNATURE
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, thereunto
duly authorized.
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RENESOLA
LTD
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|||
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By:
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/s/ Xianshou Li | ||
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Name:
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Xianshou
Li
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||
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Title:
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Chief
Executive Officer
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||
Date:
January 8, 2010
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Exhibit
Index
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Exhibit No.
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Description
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|
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99.1
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Press
release
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3
Exhibit
99.1
ReneSola
Announces Termination of Dynamic Green Energy Acquisition
JIASHAN, China, January 7,
2010 – ReneSola Ltd (“ReneSola” or the “Company”) (NYSE: SOL) (AIM:
SOLA), a leading global manufacturer of solar wafers and producer of solar power
products, today announced that the Company has determined not to proceed with
its acquisition of Dynamic Green Energy Limited (“Dynamic Green”).
ReneSola
and Dynamic Green, which operates through its wholly owned subsidiary Jiawei
Solarchina Co., Ltd. (“Jiawei”) and other Chinese operating subsidiaries,
announced a share purchase agreement on September 23, 2009 under which ReneSola
agreed to acquire 100% of the shares of Dynamic Green, subject to customary
closing conditions.
While the
acquisition and share purchase agreement were approved by both companies’ boards
of directors, the transaction has not been approved by local government agencies
where an operating subsidiary of Jiawei is located. According to the terms of an
agreement between Jiawei and the local government, the sale of shares of Dynamic
Green requires relevant government approvals.
As
indicated in the share purchase agreement between ReneSola and Dynamic Green,
the transaction could be terminated without penalty if Jiawei did not obtain the
relevant government approvals by December 31, 2009. After careful consideration,
ReneSola has terminated discussions regarding the acquisition.
“Despite
the termination of the Jiawei acquisition, ReneSola’s downstream strategy
remains intact and we continue to witness impressive organic growth in our JC
Solar cell and module business,” said ReneSola’s Chief Executive Officer Li
Xianshou. “We are still in a strong position to leverage our wafer manufacturing
capabilities and deep customer relationships to quickly expand our downstream
business. We expect to see significant top-line and bottom-line growth from our
downstream business in 2010.”
About
ReneSola
ReneSola
is a leading global manufacturer of solar wafers and producer of solar power
products based in China. Capitalizing on proprietary technologies and technical
know-how, ReneSola’s manufacturing capabilities include virgin polysilicon,
monocrystalline and multicrystalline solar wafers, solar cells and solar
modules. ReneSola possesses a global network of suppliers and customers that
include some of the leading global manufacturers of solar cells and modules.
ReneSola’s shares are traded on the New York Stock Exchange (NYSE: SOL) and the
AIM of the London Stock Exchange (AIM: SOLA).
4
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 we describe what we “believe,” “expect” or “anticipate” will
occur, what “will” or “could” happen, and other similar statements), you must
remember that our expectations may not be correct, even though we believe that
they are reasonable. We do 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 our
filings with the U.S. Securities and Exchange Commission, including our annual
report on Form 20-F. We undertake 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 our situation may change in
the future.
For
investor and media inquiries, please contact:
In
China:
Ms. Julia
Xu
ReneSola
Ltd
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Tel:
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+86-573-8477-3372
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Email:
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julia.xu@renesola.com
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Mr. Derek
Mitchell
Ogilvy
Financial, Beijing
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Tel:
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+86-10-8520-6284
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Email:
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derek.mitchell@ogilvy.com
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In
the United States:
Ms.
Jessica Barist Cohen
Ogilvy
Financial, New York
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Tel:
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+1-646-460-9989
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Email:
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jessica.cohen@ogilvypr.com
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In
the United Kingdom:
Mr. Tim
Feather / Mr. Richard Baty
Westhouse
Securities Limited, London
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Tel:
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+44-20-7601-6100
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Email:
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tim.feather@westhousesecurities.com
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richard.baty@westhousesecurities.com
5