The projects totaling 60MW are situated in Qinghai and Xinjiang provinces and all are connected to grid.
The companies have to sign a final deal for the proposed transaction, as specific provisions are yet to be determined.
ReneSola CEO Xianshou Li said the deal will enable the company to decrease debt level and increase cash flow.
"Thus, we will have greater flexibility to further expand our business in new and existing markets," Li added.
Jiangsu Akcome president Chenghui Zou said, "We have a long-standing relationship with ReneSola and look forward to strengthening our partnership through this acquisition."
