Emeren Group Sells 2.8 MW Maine Solar Project to Altus Power

PR Newswire12-20

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 ...

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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. 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This transaction underscores Emeren's commitment to advancing clean energy solutions and its active role in supporting renewable energy goals nationwide.\n\n  \n\nThe 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.\nYumin 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.\"\n\"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.\"\nAbout Emeren Group Ltd\nEmeren 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.\nFor investor and media inquiries, please contact:\nEmeren Group Ltd - Investor Relations+1 (925) 425-7335ir@emeren.com \nThe Blueshirt GroupGary Dvorchak+1 (323) 240-5796gary@blueshirtgroup.co\n View original content to download multimedia:https://www.prnewswire.com/news-releases/emeren-group-sells-2-8-mw-maine-solar-project-to-altus-power-302336638.html\nSOURCE Emeren Group Ltd","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492377416"}