STAMFORD, Conn., July 1, 2024
/PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company")
(www.emeren.com) (NYSE: SOL), a leading global solar project
developer, owner, and operator, today announced a Development
Service Agreement ("DSA") partnership for a state-of-the-art
portfolio comprising five Battery Energy Storage Systems ("BESS")
in Italy with PLT energia Srl
("PLT"), one of the largest independent Italian groups active in
the energy sector from wind and photovoltaic sources. This
transaction marks a significant milestone in the development of an
impressive 394 MW BESS portfolio.
Yumin Liu, CEO of Emeren Group,
commented, "We are excited to partner with PLT energia Srl, whose
vision and strategy align seamlessly with Emeren's commitment to
sustainability. This collaboration represents a significant step
forward in our mission to develop innovative battery storage
projects both in Italy and
globally, further demonstrating our efforts to expand our BESS
business."
Stefano Marulli, CEO of PLT
energia, added: "PLT actively pursues a project portfolio with the
right balance of technologies. With the current growth in renewable
energy, which is expected to continue in the coming years, Battery
Storage will play a key role in the installation of new renewable
plants and the stability of the power grid. This is why we believe
this agreement is the perfect complement to our current development
pipeline, both photovoltaic and wind, especially in the US market
and Emeren the right partner thanks to its professional and
technical experience as well as market knowledge."
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.
About PLT energia Srl
PLT energia Srl, a subsidiary of PLT Holding Srl, Tortora family
holding company, is among Italy's
largest independent operators in the renewables sector engaged in
the development, construction and management of PV and wind
projects. The Group is active in the Italian market since more than
20 years and it is also present in US and Spain. For more information, go
to www.pltenergia.it.
Safe Harbor Statement
This press release contains statements that constitute
''forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Whenever you
read a statement that is not simply a statement of historical fact
(such as when the Company describes what it "believes," "expects"
or "anticipates" will occur, what "will" or "could" happen, and
other similar statements), you must remember that the Company's
expectations may not be correct, even though it believes that they
are reasonable. The Company does not guarantee that the
forward-looking statements will happen as described or that they
will happen at all. Further information regarding risks and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements is included in the
Company's filings with the U.S. Securities and Exchange Commission,
including the Company's annual report on Form 20-F. The Company
undertakes no obligation, beyond that required by law, to update
any forward-looking statement to reflect events or circumstances
after the date on which the statement is made, even though the
Company's situation may change in the future.
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SOURCE Emeren Group Ltd
