Emeren Group sells 57 MWp solar portfolio to Trina Solar in France
- Emeren Group Ltd sold a 57 MWp solar project portfolio to Trina Solar (France) Systems.
- The portfolio includes five projects at various stages of development, with potential for Battery Energy Storage Systems.
- This sale demonstrates Emeren's successful navigation of the French market and reinforces their commitment to renewable energy.
In France, Emeren Group Ltd announced the sale of a 57 MWp solar project portfolio to Trina Solar (France) Systems on September 30, 2024. This portfolio consists of five projects, including one early-stage and one late-stage project, with three mid-stage projects to be monetized later. The transaction highlights Emeren's ability to navigate the complexities of the French permitting process, showcasing their commitment to renewable energy development in Europe. Trina Solar expressed enthusiasm for the collaboration, emphasizing its importance in enhancing their project pipeline in the EMEA region. The deal also opens up potential for incorporating Battery Energy Storage Systems, which could increase the overall value and flexibility of the projects. This transaction reflects a broader trend in the renewable energy sector, where companies are increasingly focusing on long-term asset ownership and integrated project development to meet market demands for sustainable energy solutions.