Emeren Group Ltd announced the sale of a 57 MWp solar project portfolio to Trina Solar (France) Systems, a subsidiary of Trina Solar International System Business Unit. The portfolio includes five projects, with one early-stage and one late-stage sold in Q3 2024, and three mid-stage projects to be monetized in milestones.
The transaction highlights Emeren's development efforts in France, despite complexities in the permitting process. The portfolio also has potential for Battery Energy Storage Systems (BESS) integration, which could further increase its value.
This sale underscores Emeren's commitment to advancing renewable energy in Europe and its ability to deliver high-value portfolios that align with market demands. The monetization of these assets contributes to the company's financial performance.
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