Emeren Group Stock Price, News & Analysis

Emeren Group (NYSE: SOL) has signed a 7-year Power Purchase Agreement (PPA) for a 15 MWp solar farm in Poland's Silesia region. The project will supply clean energy to a Polish subsidiary of a multinational consumer goods business under a pay-as-produced agreement.

The solar farm will generate approximately 14,958 MWh of renewable energy annually, reducing carbon dioxide emissions by about 16,150 metric tons per year. The project created 80 construction jobs and will maintain 10 long-term positions. It will generate annual revenues of 90,000 PLN in property taxes and 167,000 PLN in land taxes for local development.

Emeren Group (NYSE: SOL) has completed the second round of its Battery Energy Storage System (BESS) portfolio development with Arpinge in Italy. The new round adds 162 MW (1.4 GWh) of standalone BESS projects in Sicily, bringing the total portfolio to 462 MW when combined with the previously announced 300 MW tranche from November 2024.

The projects are part of Emeren's Development Service Agreement (DSA) strategy, through which the company has secured contracts with nine partners for 28 projects totaling over 2.1 GW (84% BESS, 16% PV). These agreements are expected to generate over $69 million in contracted revenue within 2-3 years, with an additional 2.0 GW of projects under negotiation.

Emeren Group (NYSE: SOL) has announced the sale of its 2.8 MWdc solar project in Maine to Altus Power (NYSE: AMPS). The project, which has reached full commercial operation, is the final asset from Emeren's Maine pipeline. Altus Power, the largest commercial scale provider of clean electric power, will take over ownership and long-term management of the facility to deliver sustainable energy to local communities and support Maine's renewable energy objectives.

The transaction demonstrates Emeren's ability to efficiently deliver COD projects and strengthens its presence in the U.S. market while supporting Maine's growing demand for renewable energy. The project will contribute to Altus Power's expanding portfolio and support Community Solar subscribers.

Emeren Group (NYSE: SOL) has released its 2023 ESG Report, highlighting significant achievements in sustainability, social responsibility, and governance. The company delivered 253 MW of clean energy through IPP assets, reducing 21,655 tons of CO2 emissions and powering over 9,000 homes globally. Notable accomplishments include expanding their 1.5 GW Battery Energy Storage System portfolio in Europe, maintaining a zero-injury workplace, and achieving 42% women employees representation. The company reported 1,215 tCO2 emissions across Scope 1, 2, and 3, while strengthening ESG oversight through a three-tier governance framework and board-level ESG Committee.

Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, has announced its participation in two upcoming investor conferences. The company will attend Janney's 2nd Annual Clean Energy Investment Symposium (December 4-5, 2024) in New Orleans and the BofA Securities 2024 Clean Energy Symposium (December 5-6, 2024) in New York. At the BofA event, management will present at a panel at 3:30 p.m. Eastern Time on December 5. The management team will be available for one-on-one and small group meetings with institutional investors at both events.

Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, announced its unaudited financial results for the third quarter ended September 30, 2024. The company has made its financial results and management commentary available through a shareholder letter on their website's Investor Relations section. A conference call to discuss the results is scheduled for November 14, 2024, at 4:30 p.m. U.S. Eastern Time.

Emeren Group (NYSE: SOL) has announced a co-development agreement with Arpinge to develop a 300 MW Battery Energy Storage System portfolio in Southern Italy. This partnership marks Emeren's fourth collaboration with an Italian ESG-aligned investment leader and adds to their existing 1.37 GW BESS permitting pipeline in Italy. The project aims to support Italy's clean energy transition goals by accelerating the permitting and development process. The partnership demonstrates Emeren's strategic focus on high-value battery storage opportunities and their ability to secure partnerships with top-tier investors through their Development Service Agreement model.

Emeren Group (NYSE: SOL) announced the results of its annual general meeting held on November 1, 2024. Shareholders approved several key measures, including: the appointment of Ramakrishnan Srinivasan as a director, the re-election of Martin Bloom and Yumin Liu as directors, an advisory vote on executive compensation, annual future advisory votes on executive compensation, and the ratification of UHY LLP as the company's independent auditor for 2024.

Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, has announced it will release its unaudited financial results for Q3 2024 (ended September 30, 2024) after U.S. market close on November 14, 2024. The company will host a conference call to discuss the results at 4:30 p.m. U.S. Eastern Time on the same day. Interested participants can register in advance for the conference call, and a live and archived webcast will be available on Emeren's Investor Relations website.