Emeren Group Purchased An 86 MWp Utility-scale Solar Project Portfolio In Spain From Negratin Global Services, An Industrial And Service Group
Portfolio Pulse from Benzinga Newsdesk
Emeren Group has acquired an 86 MWp utility-scale solar project portfolio in Spain from Negratin Global Services. The portfolio includes 13 solar projects, classified as Ready-to-Build, with an expected annual energy production of 166,471,371 kWh. Construction is set to start in late 2024, with grid connection by early 2025.
December 28, 2023 | 11:03 am
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POSITIVE IMPACT
Renesola Ltd (SOL), a leading solar project developer, may see a positive impact from the acquisition of a solar project portfolio in Spain by Emeren Group, indicating growth in the solar energy sector.
While SOL is not directly mentioned in the acquisition, the growth in the solar energy sector, particularly in utility-scale projects, is generally positive for companies like Renesola Ltd that operate in the same space. The acquisition by Emeren Group could signal a healthy market and potential for future partnerships or projects for SOL.
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