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Emeren Group Ltd (NYSE: SOL) is a globally recognized leader in the solar power sector, engaging in the development, ownership, and operation of solar projects. With an extensive pipeline exceeding 3 GW and a storage capacity over 10 GWh across Europe, North America, and Asia, the company has established itself as a pivotal player in renewable energy.
The core operations of Emeren include solar power project development, construction management, and project financing services, supported by dedicated local professional teams in more than 10 countries. The company leverages its technological innovations and low-cost production capabilities to deliver high-quality, cost-competitive solar products and services.
In recent years, Emeren has marked significant achievements. For instance, the company announced successful co-development agreements for battery storage projects in Southern Italy, in partnership with Glennmont Partners. These projects, with a combined capacity of 354 MWp, are set to enhance the region's renewable energy infrastructure significantly.
Financially, Emeren has maintained a robust performance. The preliminary unaudited financial results for the full year 2023 highlight the company's steady growth and strategic advancements. Despite some challenges, such as the delayed filing of its annual report, Emeren continues to prioritize effective financial reporting and shareholder value.
Emeren's commitment to sustainability is evident in its mission to reduce environmental impact and promote a sustainable future through renewable energy solutions. The company's dynamic approach and ability to adapt to market changes ensure its relevance and competitiveness in the global market.
Emeren Group Ltd remains at the forefront of solar power and energy storage, driving innovation and excellence in the renewable energy sector. For more information, visit www.emeren.com.
Emeren Group (NYSE: SOL) has announced the sale of its 2.8 MWdc solar project in Maine to Altus Power (NYSE: AMPS). The project, which has reached full commercial operation, is the final asset from Emeren's Maine pipeline. Altus Power, the largest commercial scale provider of clean electric power, will take over ownership and long-term management of the facility to deliver sustainable energy to local communities and support Maine's renewable energy objectives.
The transaction demonstrates Emeren's ability to efficiently deliver COD projects and strengthens its presence in the U.S. market while supporting Maine's growing demand for renewable energy. The project will contribute to Altus Power's expanding portfolio and support Community Solar subscribers.
Emeren Group (NYSE: SOL) has released its 2023 ESG Report, highlighting significant achievements in sustainability, social responsibility, and governance. The company delivered 253 MW of clean energy through IPP assets, reducing 21,655 tons of CO2 emissions and powering over 9,000 homes globally. Notable accomplishments include expanding their 1.5 GW Battery Energy Storage System portfolio in Europe, maintaining a zero-injury workplace, and achieving 42% women employees representation. The company reported 1,215 tCO2 emissions across Scope 1, 2, and 3, while strengthening ESG oversight through a three-tier governance framework and board-level ESG Committee.
Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, has announced its participation in two upcoming investor conferences. The company will attend Janney's 2nd Annual Clean Energy Investment Symposium (December 4-5, 2024) in New Orleans and the BofA Securities 2024 Clean Energy Symposium (December 5-6, 2024) in New York. At the BofA event, management will present at a panel at 3:30 p.m. Eastern Time on December 5. The management team will be available for one-on-one and small group meetings with institutional investors at both events.
Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, announced its unaudited financial results for the third quarter ended September 30, 2024. The company has made its financial results and management commentary available through a shareholder letter on their website's Investor Relations section. A conference call to discuss the results is scheduled for November 14, 2024, at 4:30 p.m. U.S. Eastern Time.
Emeren Group (NYSE: SOL) has announced a co-development agreement with Arpinge to develop a 300 MW Battery Energy Storage System portfolio in Southern Italy. This partnership marks Emeren's fourth collaboration with an Italian ESG-aligned investment leader and adds to their existing 1.37 GW BESS permitting pipeline in Italy. The project aims to support Italy's clean energy transition goals by accelerating the permitting and development process. The partnership demonstrates Emeren's strategic focus on high-value battery storage opportunities and their ability to secure partnerships with top-tier investors through their Development Service Agreement model.
Emeren Group (NYSE: SOL) announced the results of its annual general meeting held on November 1, 2024. Shareholders approved several key measures, including: the appointment of Ramakrishnan Srinivasan as a director, the re-election of Martin Bloom and Yumin Liu as directors, an advisory vote on executive compensation, annual future advisory votes on executive compensation, and the ratification of UHY LLP as the company's independent auditor for 2024.
Emeren Group (NYSE: SOL), a global solar project developer, owner, and operator, has announced it will release its unaudited financial results for Q3 2024 (ended September 30, 2024) after U.S. market close on November 14, 2024. The company will host a conference call to discuss the results at 4:30 p.m. U.S. Eastern Time on the same day. Interested participants can register in advance for the conference call, and a live and archived webcast will be available on Emeren's Investor Relations website.
Emeren Group (NYSE: SOL) has announced the sale of a 57 MWp solar project portfolio to Trina Solar (France) Systems, a subsidiary of Trina Solar International System Business Unit (ISBU). The portfolio comprises five projects in France, including one early-stage and one late-stage project sold in Q3 2024, and three mid-stage projects to be monetized in milestones. There is also potential to incorporate Battery Energy Storage Systems (BESS) to increase the portfolio's flexibility and value.
Yumin Liu, CEO of Emeren Group, highlighted the successful delivery of a high-value portfolio despite the complexities of the French permitting process. Leonardo Lotti, Head of EMEA for Trina, expressed excitement about the collaboration, noting that it accelerates their pipeline in France and the EMEA region, supporting their transition towards becoming a long-term asset owner and IPP.
Emeren Group (NYSE: SOL) has successfully connected a 4.5 MW solar power plant to the grid at Luxshare iTech's facility in Jiashan County, Zhejiang Province, China. The project, developed and financed by Emeren, includes a 4 MW rooftop distributed photovoltaic (PV) system and a 0.5 MW solar PV carport with integrated EV charging stations.
Luxshare, a major Apple supplier and participant in Apple's Supplier Clean Energy Program, is committed to integrating renewable energy into its operations. This collaboration supports Luxshare's sustainability strategy and Emeren's expansion in the Chinese commercial and industrial solar market.
Yumin Liu, CEO of Emeren Group, emphasized the project's innovative approach, combining rooftop solar with EV charging infrastructure. The successful implementation demonstrates Emeren's capability to deliver impactful renewable energy solutions and support its partners' sustainability goals.
Emeren Group (NYSE: SOL), a global solar project developer, has announced its Annual General Meeting (AGM) for November 1, 2024, at 10:00 a.m. PST in Pleasanton, CA. Shareholders of record as of September 17, 2024 can vote and participate via webcast. The AGM will address key resolutions including:
1. Appointment of Dr. Ramakrishnan Srinivasan as a director
2. Re-election of Martin Bloom and Yumin Liu
3. Advisory vote on executive compensation
4. Advisory vote on frequency of future compensation votes
5. Ratification of UHY LLP as independent auditors for 2024
These resolutions require a simple majority vote. Shareholders can access AGM documents on Emeren's investor relations website.
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