SOL - Emeren Group and Eiffel Investment Group's Joint Venture Signs an Agreement to Sell 29 MWp Solar Portfolio in Spain | Benzinga
STAMFORD, Conn., Nov. 14, 2023 /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 successful signing SPA of a 29 MWp solar PV portfolio in Spain to Rubis Photosol, one of France's prominent photovoltaic electricity producers. This transaction was facilitated through the European Solar Energy Development JV (the "JV"), a collaborative venture established between Emeren and Eiffel Investment Group, a renowned French asset manager and Finergreen, Emeren's consultant partner who supported on the transaction.
The 29 MWp portfolio comprises three late-stage projects located in the Municipality of Algorfa, Alicante, Spain, in an advanced phase of obtaining the Administrative Authorisation for Construction (the "AAC"). These projects are expected to be operational during the second half of 2025 and equipped with PV solar trackers, projected to generate approximately 57,000 MWh ...