Emeren Group Announces Inaugural Solar Energy Storage Project in China
Portfolio Pulse from Benzinga Newsdesk
Emeren Group Ltd (NYSE:SOL), a global solar project developer, has completed the grid connection of its first solar storage project in Ningbo, Zhejiang Province, China. The project, with a capacity of 0.6 MW/1.2 MWh, operates behind the meter and is backed by a private long-term power purchase agreement with a local off-taker. It is designed to yield high returns through daily price arbitration.
October 10, 2023 | 10:08 am
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POSITIVE IMPACT
Emeren Group's successful completion of its first solar storage project in China could potentially boost its stock as it indicates growth and expansion in the renewable energy sector.
The successful completion of Emeren Group's first solar storage project in China indicates the company's growth and expansion in the renewable energy sector. This could potentially attract more investors, leading to a rise in the company's stock price.
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