NORWALK,
Conn., Sept. 30, 2024 /PRNewswire/ -- Emeren
Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL),
a leading global solar project developer, owner, and operator,
today announced the sale of a 57 MWp solar project portfolio to
Trina Solar (France) Systems ("Trina"), the French
subsidiary of Trina Solar International System Business Unit
(ISBU), the downstream project development arm of Trina Solar dedicated to the development, EPC,
O&M, and asset management of solar and battery storage
utility-scale projects worldwide,
The portfolio includes five projects — one early-stage and one
late-stage — both sold in Q3 2024, along with three mid-stage
projects to be monetized in milestones and sold to Trina.
Additionally, there is potential to incorporate Battery Energy
Storage Systems (BESS), which could further increase the
portfolio's flexibility and overall value.
Yumin Liu, CEO of Emeren Group,
commented, "We are proud to finalize this transaction with
Trina Solar. Despite the
complexities of the permitting process in France, our team successfully delivered a
high-value portfolio that aligns with market demands. This sale
highlights the strength of our development efforts and reinforces
our commitment to advancing renewable energy in Europe. These projects reflect our shared
dedication to sustainable energy and a cleaner future."
Leonardo Lotti, Head of EMEA for
Trina, commented, "We are excited to collaborate with Emeren on
these projects, which expedites and enhances our pipeline in
France and in the whole EMEA
region towards transitioning our business model from a primarily
project development and sales approach to more of a long term asset
owner and IPP. Emeren's ability to deliver this portfolio, despite
the challenging French market, has been exceptional, and we look
forward to building on this momentum."
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a renewable energy leader,
showcases a comprehensive portfolio of solar projects and
Independent Power Producer (IPP) assets, complemented by a
significant global Battery Energy Storage System (BESS) capacity.
Specializing in the entire solar project lifecycle — from
development through construction to financing — we excel by
leveraging local talent in each market, ensuring our sustainable
energy solutions are at the forefront of efficiency and impact. Our
commitment to enhancing solar power and energy storage underlines
our dedication to innovation, excellence, and environmental
responsibility. For more information, go to www.emeren.com.
About Trina Solar
(France) Systems
Trina Solar (France) Systems (TSFS) was established in
Toulouse, France in 2019 and is
the French subsidiary of Trina Solar International System Business
Unit (ISBU), the downstream project development arm of Trina Solar (SHA: 688599) dedicated to the
development, EPC, O&M, and asset management of solar and
battery storage utility-scale projects with presence in 15
countries across Asia,
Europe, North America, and Latin America regions.
For investor and media inquiries, please contact:
Emeren Group Ltd - Investor Relations
ir@emeren.com
The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co
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SOURCE Emeren Group Ltd