Emeren Group Announces Inaugural Solar Energy Storage Project in China
Emeren Group Ltd, a renowned global solar project developer, owner, and operator, has achieved a significant milestone with the successful completion of its inaugural solar storage project in Ningbo, Zhejiang Province, China. The project, boasting a capacity of 0.6 MW/1.2 MWh, was connected to the grid on September 26th, marking a momentous occasion for the company.
Operating behind the meter, this innovative solar storage project is supported by a private long-term power purchase agreement (PPA) with a local off-taker. By strategically focusing on daily price arbitration, Emeren aims to maximize returns while emphasizing its commitment to sustainable and financially responsible energy solutions.
Yumin Liu, the CEO of Emeren Group, expressed his excitement about the successful operation of this groundbreaking solar energy storage project in China. He described it as a major milestone and a defining chapter in the company’s journey towards becoming a leading global renewable energy company. Liu also highlighted the company’s extensive portfolio of projects in the planning and execution phases in China, including several Commercial and Industrial (C&I) sized storage projects that are currently under construction.
As part of their strategic vision, Emeren Group plans to further expand their storage portfolio under their light Independent Power Producer (IPP) strategy. This commitment to growth and innovation solidifies their dedication to sustainable and innovative energy solutions.
Emeren Group Ltd, listed on the New York Stock Exchange under the ticker symbol SOL, is a reputable global solar project developer, owner, and operator. With an impressive 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, Emeren Group is at the forefront of the renewable energy industry.
The company focuses on solar power project development, construction management, and project financing services, boasting local professional teams across multiple countries. Their expertise and commitment to excellence have positioned them as a leading player in the renewable energy sector.
For more information about Emeren Group Ltd and their impressive portfolio of projects, visit their website at www.emeren.com. This inaugural solar storage project in China is just the beginning of Emeren’s journey towards a greener and more sustainable future.