Financial Data and Key Metrics Changes - The company reported Q1 2023 revenue of $12.9 million, a nearly threefold increase compared to Q1 2022, but a decrease of $12.8 million from Q4 2022 [5][11] - Gross margin for Q1 2023 was 12.4%, down from 30% in Q4 2022, but up from 1.1 million in Q1 2022 [11][12] - EBITDA for Q1 2023 was $1.8 million, with a net loss of $0.2 million attributed to common shareholders [5][12] - The company expects Q2 revenue to be between $38 million and $40 million, with a gross margin of 32% to 35% [6] Business Line Data and Key Metrics Changes - The IPP and EPC business contributed significantly to Q1 revenue, but there was no revenue recognition from the RTB project sales due to delays [5][6] - The company anticipates monetizing about 500 megawatts of projects in 2023 and aims to grow its project pipeline to four gigawatts by the end of 2023 [7] Market Data and Key Metrics Changes - The company is focusing on five coastal provinces in China with favorable power prices and plans to divest solar assets outside these areas [8] - The demand for solar projects remains strong globally, with expectations of over 300 megawatts of project sales in Europe and the U.S. in the second half of the year [6][7] Company Strategy and Development Direction - The company is shifting its strategy from "Develop, Build, Own as IPP" to "Develop, Build, Own or Sell" to enhance its financial position [8] - The management is optimistic about the future of solar energy, citing increasing demand for clean energy and supportive government policies [9] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for solar projects despite temporary delays in revenue recognition [6][9] - The company is well-positioned to capitalize on the accelerating adoption of solar technology globally [9] Other Important Information - Cash and cash equivalents at the end of Q1 2023 were $66.7 million, down from $107.1 million at the end of 2022 [13] - The company has a share buyback program with $17 million remaining [13] Q&A Session Summary Question: What is the expected mix of the four-gigawatt pipeline by year-end? - Management expects about three gigawatts to come from Europe, with the remainder from the U.S. and around 5% from China [17] Question: How is the recent decline in power pricing in Europe affecting the pipeline? - Management noted that while prices are lower than a year ago, they remain higher than two to three years ago, and demand continues to be strong [19] Question: Can you discuss the recent auctions and sales processes? - Management indicated strong demand with many bidders for projects, expecting at least 15 transactions to close in the next eight months [22] Question: What is the status of the mid-to-late stage pipeline in Spain, France, and Italy? - Management confirmed expectations for RTB sales in those countries within the year [28] Question: How much cash is tied up in interconnection deposits? - Approximately $18 million to $20 million is tied up in interconnection deposits, primarily in the U.S. [33][35] Question: Will the company start filing 10-Qs due to the majority U.S. investor base? - Yes, the company will begin filing 10-Qs starting in Q1 2024 [40] Question: What portion of the U.S. project pipeline is expected to qualify for local content or low-income community bonuses? - Management confirmed that both local content and low-income community bonuses are anticipated to be applicable [41][42] Question: How much of the Q2 revenue guidance has already been delivered? - Over 60% of the Q2 revenue guidance has been delivered [46] Question: What is the expected cash position by the end of 2023? - The company expects to end 2023 with cash between $90 million and $100 million [48]

SOL LISTED NYSE NYSE: SOL Q1 2023 Earnings Presentation May 31, 2023 Safe Harbor Statement 2 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 describ ...

Exhibit 99.1 May 31, 2023 Fellow Shareholders, We closed Q1 with revenue of $12.9 million, gross margin of 12.4% and EBITDA of $1.8 million. Our Q1 revenue reflected solid contribution from our IPP and EPC business, driven partially by our recent acquisitions. However, delays in receipt of final approvals and more conservative judgement in change of control in our RTB project sales business resulted in no revenue recognition during Q1 2023. Following the quarter end, in May, we completed the sale of 58 MW s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

Emeren Group Ltd. (NYSE:SOL) Q4 2022 Earnings Conference Call March 28, 2023 5:00 PM ET Company Participants Yujia Zhai - Managing Director of the Blueshirt Group Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer John Ewen - CEO of North America Conference Call Participants Donovan Schafer - Northland Capital Markets Philip Shen - ROTH Capital Partners Pavel Molchanov - Raymond James Amit Dayal - H.C. Wainwright Operator Hello, ladies and gentlemen, thank you for standing by for Emeren G ...

ReneSola Ltd (NYSE:SOL) Q3 2022 Results Conference Call December 1, 2022 5:00 PM ET Company Participants Yujia Zhai - Investor Relations Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer John Ewen - Chief Executive Officer, North America Conference Call Participants Philip Shen - ROTH Capital Partners Amit Dayal - H.C. Wainwright Donovan Schafer - Northland Capital Markets Pavel Molchanov - Raymond James Operator Hello, ladies and gentlemen. Thank you for standing by for the ReneSola Pow ...

ReneSola Ltd (NYSE:SOL) Q2 2022 Earnings Conference Call September 7, 2022 5:00 PM ET Corporate Participants Yujia Zhai - Investor Relations Yumin Liu - Chief Executive Officer Ke Chen - Chief Financial Officer Conference Call Participants Philip Shen - ROTH Capital Partners Pavel Molchanov - Raymond James Amit Dayal - H.C. Wainwright Donovan Schafer - Northland Capital Markets Operator Hello, ladies and gentlemen. Thank you for standing by for ReneSola Power’s Second Quarter 2022 Earnings Conference Call. ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was $3.5 million, in line with guidance, driven by IPP assets in China and the U.S. [6][14] - Gross margin was 32.5%, higher than the full-year guidance range of 20% to 25% [14] - Adjusted EBITDA for the quarter was $0.6 million [6] - GAAP net loss in Q1 2022 was $1.7 million, with a net loss per ADS of $0.03 [15] - Cash balance was $223 million, slightly lower than the end of Q4 2021 [16] Business Line Data and Key Metrics Changes - The company sold a 24 megawatt solar project in the UK, recorded as investor income of $0.7 million [14] - Operating expenses in Q1 were $3.4 million, down from $8.7 million in Q4 2021 [15] Market Data and Key Metrics Changes - In Europe, PPA prices for solar increased by 27.5% year-over-year due to rising energy prices from the Ukraine conflict [10] - In the U.S., solar installations increased 11% year-over-year, but utility-scale installations slowed due to supply chain challenges [11][12] - In China, COVID lockdowns in April and May impacted economic activities and supply chains, affecting project targets [12] Company Strategy and Development Direction - The company aims to grow its mid to late-stage pipeline to 5 gigawatts by the end of 2024, with significant growth expected from Europe [13] - The company is benefiting from favorable policies in Europe aimed at accelerating renewable energy growth [8][9] - The company plans to focus on small to medium-sized utility-scale and community solar projects in the U.S. [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue ramp-up towards the end of the year, driven by a strong project pipeline [7] - The company anticipates challenges in the U.S. and China due to supply chain disruptions but remains optimistic about long-term trends in renewable energy [12] - Management expects to achieve a minimum of 30% growth in both top and bottom lines for 2023 [28] Other Important Information - The company has completed the repurchase of $20 million of ADS shares, with $30 million remaining [17] - The company is selectively pursuing projects in China based on profitability criteria [44] Q&A Session Summary Question: Guidance on revenue distribution between Q3 and Q4 - Management indicated that most sales will occur in Q4, with an estimated $20 million in Q3 and the remainder in Q4 [21] Question: Risks of project delays - Management expressed high confidence in closing deals based on current plans and milestones, despite potential pandemic-related delays [23] Question: Growth expectations for 2023 - Management expects strong growth from both the product pipeline and bottom line, targeting a minimum of 30% growth [28] Question: Demand in Poland post-Russian gas supply loss - Management confirmed strong demand in Poland, which constitutes about 30% of the pipeline [32] Question: Impact of tariff waivers on guidance - Management noted that while there may not be immediate changes to guidance, the certainty around tariffs will help with bids [41]