RSS Emeren Group Sells 65 MWp Solar Project Portfolio To Trina Solar ISBU

[Crax Bot]

Emeren Group Ltd (SOL), a prominent global developer, owner, and operator of solar projects, has announced the sale of a 65 MWp solar project portfolio to Trina Solar's International System Business Unit.

This portfolio includes three significant solar projects strategically located across key regions in Germany. The first project is based in Saarland, while the other two are pioneering Agri-PV initiatives located in Mecklenburg-Western Pomerania and Lower Saxony. These projects, anticipated to be finalized between mid-2025 and late 2025, have the potential to integrate Battery Energy Storage Systems, thereby enhancing their operational efficiency and long-term value.

Both Emeren Group and Trina Solar are optimistic that this partnership will foster innovation and promote sustainability in some of Europe's most competitive renewable energy markets. Trina Solar aims to broaden its footprint in Germany, collaborating with Emeren Group to support the country's renewable energy targets.

Currently, SOL shares are trading at $2.11, marking an increase of 11.05% or $0.21 on the New York Stock Exchange.

The material has been provided by InstaForex Company - www.instaforex.com

Click to read more...