Emeren Group Ltd — Major Shareholding Notification 2011

Feb 14, 2011

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. __)*

ReneSola Ltd

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

G7500C 106

(CUSIP Number)

December 31, 2010

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Xianshou Li | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION People’s Republic of
China | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 23,266,229 ordinary
shares |
| | 6 | SHARED
VOTING POWER 14,248,710
ordinary shares (consisting of 60,000 ordinary shares issuable upon the
exercise of options held by Ms. Xiahe Lian, the wife of Mr. Li, which are
exercisable within 60 days after February 14, 2011, 1,135,096 ordinary
shares beneficially owned by Mr. Xiangjun Dong and 13,053,614 ordinary
shares beneficially owned by Mr. Zhengmin Lian) |
| | 7 | SOLE
DISPOSITIVE POWER 23,266,229 ordinary
shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,514,939
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 21.7% | |
| 12 | TYPE
OF REPORTING PERSON* IN | |

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Champion Era Enterprises
Limited | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION British Virgin
Islands | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 23,266,229
ordinary shares |
| | 6 | SHARED
VOTING POWER 0 |
| | 7 | SOLE
DISPOSITIVE POWER 23,266,229
ordinary shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 23,266,229
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 13.5% | |
| 12 | TYPE
OF REPORTING PERSON* CO | |

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Zhengmin Lian | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION People’s Republic of
China | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 0 |
| | 6 | SHARED
VOTING POWER 13,053,614
ordinary shares |
| | 7 | SOLE
DISPOSITIVE POWER 13,053,614
ordinary shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,053,614
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6% | |
| 12 | TYPE
OF REPORTING PERSON* IN | |

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Assets Train
Limited | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION British Virgin
Islands | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 0 |
| | 6 | SHARED
VOTING POWER 13,053,614 ordinary
shares |
| | 7 | SOLE
DISPOSITIVE POWER 13,053,614 ordinary
shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 13,053,614
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.6% | |
| 12 | TYPE
OF REPORTING PERSON* CO | |

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Xiangjun Dong | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION People’s Republic of
China | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 0 |
| | 6 | SHARED
VOTING POWER 9,955,871
ordinary shares |
| | 7 | SOLE
DISPOSITIVE POWER 9,955,871
ordinary shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON 9,955,871
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% | |
| 12 | TYPE
OF REPORTING PERSON* IN | |

| 1 | NAME
OF REPORTING PERSON I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dynasty Time
Limited | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) x (b) ¨ | |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION British Virgin
Islands | |
| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | 5 | SOLE
VOTING POWER 0 |
| | 6 | SHARED
VOTING POWER 9,955,871
ordinary shares |
| | 7 | SOLE
DISPOSITIVE POWER 9,955,871
ordinary shares |
| | 8 | SHARED
DISPOSITIVE POWER 0 |
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,955,871
ordinary shares | |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES ¨ | |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% | |
| 12 | TYPE
OF REPORTING PERSON* CO | |

ITEM 1(a). NAME OF ISSUER:

ReneSola Ltd

ITEM 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

No. 8 Baoqun Road

Yaozhuang County, Jiashan Town

Zhejiang Province 314117

People’s Republic of China

ITEM 2(a). NAME OF PERSON FILING:

Xianshou Li

Champion Era Enterprises Limited (“Champion”)

Zhengmin Lian

Assets Train Limited (“Assets”)

Xiangjun Dong

Dynasty Time Limited (“Dynasty” and together with Champion and Assets, the “Record Holders”)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:

The address of Xianshou Li, Zhengmin Lian and Xiangjun Dong is No. 8 Baoqun Road, Yaozhuang Industrial Park, Jiashan County, Zhejiang Province, PRC. The address of the principal business office of the Record Holders is P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands .

ITEM 2(c) CITIZENSHIP:

Xianshou Li, Zhengmin Lian and Xiangjun Dong are citizens of the People’s Republic of China. The place of organization of the Record Holders is the British Virgin Islands.

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Ordinary Shares of no par value

ITEM 2(e). CUSIP NUMBER:

G7500C 106

ITEM 3. Not Applicable

ITEM 4. OWNERSHIP:

Reporting Person	Amount beneficially owned:	Percent of class:	Sole power to vote or direct the vote:	Shared power to vote or to direct the vote:	Sole power to dispose or to direct the disposition of:	Shared power to dispose or to direct the disposition of:
Xianshou
Li(1)	37,514,939
ordinary shares (2)(3)	21.7 %	23,266,229 ordinary shares	14,248,710 ordinary shares(2)(3)	23,266,229 ordinary shares	0
Champion
Era Enterprises Limited(1)	23,266,229
ordinary shares	13.5 %	23,266,229 ordinary shares	0	23,266,229 ordinary shares	0
Zhengmin
Lian(4)	13,053,614
ordinary shares	7.6 %	0	13,053,614 ordinary shares	13,053,614 ordinary shares	0
Assets
Train Limited(4)	13,053,614
ordinary shares	7.6 %	0	13,053,614 ordinary shares	13,053,614 ordinary shares	0
Xiangjun
Dong(5)	9,955,871
ordinary shares	5.8 %	0	9,955,871 ordinary shares	9,955,871 ordinary shares	0
Dynasty
Time Limited(5)	9,955,871
ordinary shares(6)	5.8 %	0	9,955,871 ordinary shares	9,955,871 ordinary shares	0

(1) As of December 31, 2010, Champion was the record owner of 23,266,229 ordinary shares of Renesola Ltd. Champion is indirectly wholly owned by the LXS Family Trust of which Mr. Li is the settlor. The trustee of the LXS Family Trust is HSBC International Trustee (“HSBC”). Pursuant to the trust deed dated November 25, 2010 between Mr. Li and HSBC, Mr. Li holds all voting and investment powers of Champion and its assets. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Mr. Li may be deemed to beneficially own all of the shares held by Champion. HSBC should not be deemed a beneficial owner of the shares in Renesola Ltd held by Champion under Section 13(d) of the Exchange Act.

(2) Includes 13,053,614 ordinary shares beneficially owned by Mr. Zhengmin Lian. Mr. Li holds shared voting rights with Mr. Lian with respect to those shares pursuant to an irrevocable voting agreement entered into between Mr. Li and Assets. Under the voting agreement, Assets irrevocably appointed Mr. Li as its attorney and proxy with full power of substitution with respect to 13,053,614 shares held by Dynasty, to vote and act at all shareholder meetings and give written consent on behalf of Dynasty on matters of Renesola Ltd requiring shareholder approval. Also includes 60,000 ordinary shares issuable upon the exercise of options held by Ms. Xiahe Lian, the wife of Mr. Li, which are exercisable within 60 days after February 14, 2011.

(3) Includes 1,135,096 ordinary shares beneficially owned by Mr. Xiangjun Dong. Mr. Li holds shared voting rights with Mr. Dong with respect to those shares pursuant to an irrevocable voting agreement entered into between Mr. Li and Dynasty. Under the voting agreement, Dynasty irrevocably appointed Mr. Li as its attorney and proxy with full power of substitution with respect to 1,135,096 shares held by Dynasty, to vote and act at all shareholder meetings and give written consent on behalf of Dynasty on matters of Renesola Ltd requiring shareholder approval.

(4) As of December 31, 2010, Assets was the record owner of 13,053,614 ordinary shares of Renesola Ltd. Assets is indirectly wholly owned by the LZM Family Trust of which Mr. Lian is the settlor. The trustee of the LZM Family Trust is HSBC. Pursuant to the trust deed dated November 25, 2010 between Mr. Lian and HSBC, Mr. Lian holds all voting and investment powers of Assets and its assets. Pursuant to Section 13(d) of the Exchange Act, Mr. Lian may be deemed to beneficially own all of the shares held by Assets. HSBC should not be deemed a beneficial owner of the shares in Renesola Ltd held by Assets under Section 13(d) of the Exchange Act.

(5) As of December 31, 2010, Dynasty was the record owner of 9,955,871 ordinary shares of Renesola Ltd. Dynasty is indirectly wholly owned by the DXJ Family Trust of which Mr. Dong is the settlor. The trustee of the DXJ Family Trust is HSBC. Pursuant to the trust deed dated November 25, 2010 between Mr. Dong and HSBC, Mr. Dong holds all voting and investment powers of Dynasty and its assets. Pursuant to Section 13(d) of the Exchange Act, Mr. Dong may be deemed to beneficially own all of the shares held by Dynasty. HSBC should not be deemed a beneficial owner of the shares in Renesola Ltd held by Dynasty under Section 13(d) of the Exchange Act.

(6) Includes 8,820,775 ordinary shares to which Mr. Dong and Mr. Yuncai Wu holds shared voting rights pursuant to an irrevocable voting agreement entered into between Mr. Wu and Dynasty. Under the voting agreement, Dynasty irrevocably appointed Mr. Wu as its attorney and proxy with full power of substitution with respect to 8,820,775 shares held by Dynasty, to vote and act at all shareholder meetings and give written consent on behalf of Dynasty on matters of Renesola Ltd requiring shareholder approval. Please see the Schedule 13G filing made by Mr. Wu for information regarding his holdings in Renesola Ltd.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

Not applicable

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON :

Not applicable

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

Not applicable

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP :

Xianshou Li

Champion Era Enterprises Limited

Zhengmin Lian

Assets Train Limited

Xiangjun Dong

Dynasty Time Limited

ITEM 9. NOTICE OF DISSOLUTION OF GROUP :

Not applicable

ITEM 10. CERTIFICATION :

Not applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2011

| Xianshou
Li | /s/ Xianshou Li | |
| --- | --- | --- |
| | Xianshou
Li | |
| Champion
Era Enterprises Limited | By: | /s/ Xianshou Li |
| | Name: Xianshou
Li | |
| | Title:
Director | |

| Zhengmin
Lian | /s/ Zhengmin Lian | |
| --- | --- | --- |
| | Zhengmin
Lian | |
| Assets
Train Limited | By: | /s/ Zhengmin Lian |
| | Name: Zhengmin
Lian | |
| | Title: Director | |

| Xiangjun
Dong | /s/ Xiangjun Dong | |
| --- | --- | --- |
| | Xiangjun
Dong | |
| Dynasty
Time Limited | By: | /s/ Xiangjun Dong |
| | Name: Xiangjun
Dong | |
| | Title: Director | |

LIST OF EXHIBITS

Exhibit No.	Description
A	Joint
Filing Agreement

EXHIBIT A

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Ordinary Shares of no par value, of ReneSola Ltd, a British Virgin Islands company, and that this Agreement may be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Remainder of this page has been left intentionally blank.]

Signature Page

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 14, 2011.

| Xianshou
Li | /s/ Xianshou Li | |
| --- | --- | --- |
| | Xianshou
Li | |
| Champion
Era Enterprises Limited | By: | /s/ Xianshou Li |
| | Name: Xianshou
Li | |
| | Title:
Director | |

| Zhengmin
Lian | /s/ Zhengmin Lian | |
| --- | --- | --- |
| | Zhengmin
Lian | |
| Assets
Train Limited | By: | /s/ Zhengmin Lian |
| | Name: Zhengmin
Lian | |
| | Title: Director | |

| Xiangjun
Dong | /s/ Xiangjun Dong | |
| --- | --- | --- |
| | Xiangjun
Dong | |
| Dynasty
Time Limited | By: | /s/ Xiangjun Dong |
| | Name: Xiangjun
Dong | |
| | Title: Director | |