NORWALK,
Conn., Dec. 20, 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 the sale of its 2.8 MWdc solar project located in
Maine to Altus Power, Inc. ("Altus Power") (NYSE: AMPS), the largest
commercial scale provider of clean electric power. This transaction
underscores Emeren's commitment to advancing clean energy solutions
and its active role in supporting renewable energy goals
nationwide.
The project is the final asset to be sold from Emeren's
Maine pipeline. The Company has
brought the project to full commercial operation, achieving a
significant milestone in its development. With this sale,
Altus Power will assume ownership
and long-term management, utilizing the project to deliver clean,
sustainable energy to local communities and support Maine's renewable energy objectives.
Yumin Liu, CEO of Emeren Group,
commented, "We are excited to partner with Altus Power on this project. This sale not only
strengthens our presence in the U.S. market but also supports the
growing demand for renewable energy in Maine. The project demonstrates Emeren's
capacity to efficiently deliver COD projects without compromising
quality. We look forward to Altus
Power's continued success as they integrate high-quality
solar assets like ours to their expanding portfolio."
"We're proud to expand our footprint in Maine through this acquisition. Emeren is a
leader in renewable energy and we appreciate their collaboration
and expertise in bringing this project to fruition," said
Matt Marlow, co-Head of Investment
and Structured Finance, Altus Power.
"This acquisition reinforces our commitment to delivering clean
energy to the communities we serve and supporting the growing
number of Community Solar subscribers, driving the transition to a
more sustainable future."
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