Emeren Group Announces Sale of 29 MW of China Rooftop DG Projects to CNNP Rich Energy
Emeren Group Ltd announced that it has entered into an agreement to sell a portfolio of 6 rooftop distributed generation (DG) projects located in Henan province, totaling 29 MW, to CNNP Rich Energy Co., Ltd.
June 13, 2023. By News Bureau
Yumin Liu, CEO of Emeren Group, commented, "The sale of this solar asset is part of our new strategy in China's thriving solar market, focusing on five coastal provinces with favorable power prices and a robust economy. In addition, this sale will significantly strength our balance sheet."
Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a pipeline of projects and IPP assets totaling over 3 GW, as well as a storage pipeline of over 6 GWh across Europe, North America, and Asia.
The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries.
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