Emeren Group Announces Sale of 17 MW Solar Portfolio in Poland

Rhea-AI Summary

Emeren Group (NYSE: SOL) has announced the sale of a 17 MW operational solar portfolio in Poland. The portfolio consists of a previously announced 15 MW project under a Power Purchase Agreement (PPA) and an additional 2 MW project. Both projects were developed and constructed by Emeren and sold together as a package deal.

The projects support Poland's climate goals and energy transition while contributing to local economic development through job creation and tax revenue generation. CEO Yumin Liu emphasized that this achievement reinforces Emeren's position as a trusted leader in key markets like Poland and demonstrates their commitment to advancing renewable energy initiatives.

Positive

• Successfully completed and sold 17 MW solar portfolio in Poland
• Secured Power Purchase Agreement (PPA) for 15 MW of the portfolio
• Generated revenue through asset sale

Negative

• None.

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NORWALK, Conn., Jan. 22, 2025 /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 17 MW operational solar portfolio in Poland, composed of a previously announced 15 MW under a Power Purchase Agreement (PPA) and an additional 2 MW, all developed and constructed by Emeren and sold together as a package deal. It supports Poland's climate goals and energy transition by integrating renewable energy into the grid. The project contributes to local economic growth by creating construction and long-term jobs while generating annual tax revenues to support infrastructure and community development.

Yumin Liu, CEO of Emeren Group, stated, "The successful development, construction, and sale of this 17 MW solar portfolio highlight our commitment to advancing impactful renewable energy initiatives and delivering meaningful value to our stakeholders. This achievement reinforces Emeren's position as a trusted leader in key markets like Poland, where we actively support both local energy transitions and global sustainability objectives. By collaborating with committed partners, we aim to deliver clean energy solutions that not only address environmental goals but also contribute to long-term community growth and resilience."

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.

For investor and media inquiries, please contact:

Emeren Group Ltd - Investor Relations
+1 (925) 425-7335
ir@emeren.com 

The Blueshirt Group 
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co

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SOURCE Emeren Group Ltd

FAQ

What is the size of Emeren Group's recently sold solar portfolio in Poland?

Emeren Group (NYSE: SOL) sold a 17 MW operational solar portfolio in Poland, consisting of a 15 MW project under PPA and an additional 2 MW project.

How does Emeren's SOL solar portfolio sale benefit Poland?

The solar portfolio sale supports Poland's climate goals and energy transition while creating local construction and long-term jobs, and generating annual tax revenues for infrastructure and community development.

What type of agreement was secured for the 15 MW portion of SOL's Polish solar portfolio?

The 15 MW portion of the solar portfolio was secured under a Power Purchase Agreement (PPA).

What role did Emeren Group (SOL) play in the 17 MW Polish solar project?

Emeren Group both developed and constructed the entire 17 MW solar portfolio before selling it as a package deal.