SOL - Emeren Group Completed Sale of 58 MW of Solar Projects in Poland

PR Newswire

STAMFORD, Conn. , May 30, 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 that it completed the sale of 58 MW solar projects in Poland to Spectris Energy, a wholly-owned subsidiary of GoldenPeaks Capital, an energy producer focused on turnkey construction and operation of renewable solar energy. The projects are a portfolio of solar farms located in Voivodship Pomorskie, Poland . It was sold at the "Ready to Build" stage, and Spectris Energy will complete the construction and retain long-term ownership.

Yumin Liu , CEO of Emeren Group, commented, "We are delighted to announce this deal with Spectris Energy in Poland , which continues our successful track record in Europe . This achievement reinforces our commitment to expanding our renewable energy portfolio and advancing a sustainable future. With our expertise in solar project development, we have strengthened our position as a leading player in Poland ."

Tomasz Stopyra , Chief Development & Acquisition Officer of Spectris Energy commented, "We are excited to have collaborated with Emeren Group on this transaction. The transaction aligns with our long-term strategy of developing and operating renewable energy projects throughout Europe . Through strategic investments and partnerships, we are determined to drive the adoption of sustainable energy solutions and create a cleaner, more sustainable future for generations to come."

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe , North America , and Asia . The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com .

About GoldenPeaks Capital

GoldenPeaks Capital is a clean energy producer focused on turnkey construction and operation of renewable solar energy. It has over 15 years of experience in structuring energy projects around the world, with a total capacity of over 6,000 MW completed and implemented through its 100% subsidiaries, such as Spectris Energy in Poland .

SOURCE Emeren Group Ltd