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home / news releases / SOL - Emeren Group acquires 10.76 MWh energy storage portfolio in China

SOL - Emeren Group acquires 10.76 MWh energy storage portfolio in China

Renesola Ltd. ADR

2024-01-09 06:11:52 ET

  • Emeren Group ( NYSE: SOL ) acquired a 10.76 MWh energy storage power portfolio from Kunneng Smart Energy Service Group, which specializes in renewable energy industry.
  • Located in Zhejiang Province, the 10.76 MWh portfolio comprises six energy storage power stations, operates under the Energy Management Services agreements providing benefits to the customers based on energy arbitrage.
  • As of today, all six storage facilities are connected to VPP platform owned and operated by Huaneng Power International (0902.HK), one of the largest IPP operators in China.
  • SOL -2.42% premarket to $2.42
  • Source: Press Release

For further details see:

Emeren Group acquires 10.76 MWh energy storage portfolio in China
Stock Information
Company Name: Renesola Ltd. ADR
Stock Symbol: SOL
Market: NYSE
Website: renesolapower.com
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