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Emeren Group and Apple Supplier Luxshare Connect 4.5 MW Solar Plant to Grid, Advancing Clean Energy and Carbon Neutrality

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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) ha collegato con successo un impianto solare da 4,5 MW alla rete presso l'impianto di Luxshare iTech nella contea di Jiashan, provincia di Zhejiang, Cina. Il progetto, sviluppato e finanziato da Emeren, include un sistema fotovoltaico (PV) distribuito da 4 MW sul tetto e un carport solare PV da 0,5 MW con stazioni di ricarica per veicoli elettrici integrate.

Luxshare, un importante fornitore di Apple e partecipante al Programma di Energia Pulita dei Fornitori di Apple, è impegnata a integrare l'energia rinnovabile nelle proprie operazioni. Questa collaborazione sostiene la strategia di sostenibilità di Luxshare e l'espansione di Emeren nel mercato solare commerciale e industriale cinese.

Yumin Liu, CEO di Emeren Group, ha sottolineato l'approccio innovativo del progetto, che combina l'energia solare da tetto con l'infrastruttura di ricarica per veicoli elettrici. L'implementazione di successo dimostra la capacità di Emeren di fornire soluzioni di energia rinnovabile di impatto e supportare gli obiettivi di sostenibilità dei propri partner.

Emeren Group (NYSE: SOL) ha conectado con éxito una a la red en las instalaciones de Luxshare iTech en el condado de Jiashan, provincia de Zhejiang, China. El proyecto, desarrollado y financiado por Emeren, incluye un sistema fotovoltaico (FV) distribuido de 4 MW en el techo y un carport solar FV de 0,5 MW con estaciones de carga para vehículos eléctricos integradas.

Luxshare, un importante proveedor de Apple y participante en el Programa de Energía Limpia para Proveedores de Apple, se compromete a integrar energía renovable en sus operaciones. Esta colaboración apoya la estrategia de sostenibilidad de Luxshare y la expansión de Emeren en el mercado solar comercial e industrial chino.

Yumin Liu, CEO de Emeren Group, destacó el enfoque innovador del proyecto, que combina energía solar en el techo con infraestructura de carga para vehículos eléctricos. La implementación exitosa demuestra la capacidad de Emeren para proporcionar soluciones de energía renovable de impacto y apoyar los objetivos de sostenibilidad de sus socios.

에메렌 그룹 (NYSE: SOL)은 중국 저장성 가이산 카운티에 위치한 럭쉐이 iTech 시설에 4.5 MW 태양광 발전소를 성공적으로 연결했습니다. 이 프로젝트는 에메렌이 개발하고 자금을 지원했으며, 4 MW 로프트 분산형 태양광(PV) 시스템 및 통합 전기차 충전소가 있는 0.5 MW 태양광 PV 카포트를 포함합니다.

럭쉐이는 주요 애플 공급업체이자 애플의 공급업체 청정 에너지 프로그램에 참여하고 있으며, 자사의 운영에 재생 에너지를 통합하기 위해 최선을 다하고 있습니다. 이러한 협업은 럭쉐이의 지속 가능성 전략을 지원하고 에메렌의 중국 상업 및 산업 태양광 시장에서의 확장을 촉진합니다.

에메렌 그룹의 CEO인 유민 리우는 이 프로젝트의 혁신적 접근 방식, 즉 태양광 발전소와 전기차 충전 인프라의 결합을 강조했습니다. 성공적인 실행은 에메렌이 영향력 있는 재생 에너지 솔루션을 제공하고 파트너의 지속 가능성 목표를 지원하는 능력을 보여줍니다.

Le groupe Emeren (NYSE : SOL) a réussi à connecter une centrale solaire de 4,5 MW au réseau sur le site de Luxshare iTech dans le comté de Jiashan, province du Zhejiang, Chine. Le projet, développé et financé par Emeren, comprend un système photovoltaïque (PV) distribué de 4 MW sur le toit et un carport solaire PV de 0,5 MW avec des stations de recharge pour véhicules électriques intégrées.

Luxshare, un important fournisseur d'Apple et participant au Programme d'Énergie Propre des Fournisseurs d'Apple, s'engage à intégrer des énergies renouvelables dans ses opérations. Cette collaboration soutient la stratégie de durabilité de Luxshare et l'expansion d'Emeren sur le marché solaire commercial et industriel chinois.

Yumin Liu, PDG du groupe Emeren, a souligné l'approche novatrice du projet, combinant énergie solaire en toiture et infrastructure de recharge pour véhicules électriques. La mise en œuvre réussie démontre la capacité d'Emeren à fournir des solutions d'énergie renouvelable impactantes et à soutenir les objectifs de durabilité de ses partenaires.

Die Emeren Group (NYSE: SOL) hat erfolgreich ein 4,5 MW Solarkraftwerk mit dem Netz am Standort von Luxshare iTech im Landkreis Jiashan, Zhejiang, China, verbunden. Das von Emeren entwickelte und finanzierte Projekt umfasst ein 4 MW Dach-Photovoltaik (PV)-System und ein 0,5 MW PV-Carport mit integrierten Ladestationen für Elektrofahrzeuge.

Luxshare, ein wichtiger Apple-Zulieferer und Teilnehmer am Programm für saubere Energie der Apple-Zulieferer, verpflichtet sich, erneuerbare Energien in seine Betriebe zu integrieren. Diese Zusammenarbeit unterstützt Luxshares Nachhaltigkeitsstrategie und Emerens Expansion im chinesischen Markt für kommerzielle und industrielle Solarlösungen.

Yumin Liu, CEO der Emeren Group, betonte den innovativen Ansatz des Projekts, das Dachsolarenergie mit Ladeinfrastruktur für Elektrofahrzeuge kombiniert. Die erfolgreiche Umsetzung zeigt Emerens Fähigkeit, wirkungsvolle Lösungen im Bereich erneuerbare Energien zu liefern und die Nachhaltigkeitsziele seiner Partner zu unterstützen.

Positive
  • Successfully connected a 4.5 MW solar power plant to the grid
  • Collaboration with major Apple supplier Luxshare
  • Innovative integration of rooftop solar PV and EV charging stations
  • Expansion of Emeren's portfolio in the Chinese commercial and industrial solar market
Negative
  • None.

Insights

The grid connection of a 4.5 MW solar plant for Luxshare, an Apple supplier, is a significant step in the commercial and industrial (C&I) solar sector. This project showcases Emeren Group's ability to deliver complex solar solutions, combining rooftop PV with EV charging infrastructure. The 4 MW rooftop system and 0.5 MW solar carport demonstrate innovative integration of renewable energy into manufacturing facilities.

For Emeren (SOL), this project strengthens its position in the distributed generation market and expands its portfolio in China's C&I sector. The collaboration with a major Apple supplier like Luxshare could lead to more high-profile projects, potentially boosting Emeren's reputation and future contract opportunities.

Investors should note that while this single project may not significantly impact Emeren's financials given its $118 million market cap, it represents a strategic move into a growing market segment. The project's success could pave the way for similar installations across Luxshare's facilities and other electronics manufacturers, presenting a scalable business model for Emeren in the long term.

This project aligns with global trends towards corporate sustainability and carbon neutrality. Luxshare's participation in Apple's Supplier Clean Energy Program indicates a growing demand for renewable energy solutions in supply chains. This trend is likely to accelerate as more companies commit to reducing their carbon footprint.

The integration of solar PV with EV charging infrastructure is particularly noteworthy. It addresses two major sources of emissions - electricity generation and transportation - in a single solution. This holistic approach to sustainability could become a model for other manufacturing facilities looking to reduce their environmental impact.

For investors, this project signals Emeren's ability to capitalize on the intersection of renewable energy and corporate sustainability initiatives. The company's expertise in delivering these integrated solutions could become a significant competitive advantage as more businesses seek to meet their environmental goals.

NORWALK, Conn., Sept. 25, 2024 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the successful grid connection of a 4.5 MW solar power plant at Luxshare iTech (Zhejiang) Co., LTD. ("Luxshare"), located in Jiashan County, Zhejiang Province, China. Luxshare is a major facility of Luxshare Precision Industry Co., Ltd. (SHE: 002475), also known as Luxshare-ICT, a leader in China's electronics manufacturing sector and the first iPhone manufacturing partner in mainland China. This collaboration underscores Emeren's growing presence in solar energy projects and reinforces both companies' commitment to environmental responsibility and global carbon neutrality efforts.

The newly commissioned solar plant, fully developed and financed by Emeren, features a 4 MW rooftop distributed photovoltaic (PV) system as the primary contributor to the project. In addition, the 0.5 MW solar PV carport, integrated with electric vehicle (EV) charging stations, enhances energy management by combining solar generation and EV charging capabilities. This project showcases Emeren's ability to deliver impactful renewable energy solutions, supporting its partners' sustainability goals.

As an active participant in Apple's Supplier Clean Energy Program, Luxshare is committed to integrating renewable energy into its operations. This collaboration with Emeren is part of Luxshare's broader sustainability strategy, aimed at reducing carbon emissions and improving energy efficiency.

Emeren Group’s 4.5 MW Solar Power Plant Connected to Grid at Apple Supplier Luxshare’s Facility in China
(from Left to Right: PV Carport, Rooftop DG PV System, and Box-type Transformer)

Yumin Liu, CEO of Emeren Group, commented, "We are proud of the successful grid connection of this solar power plant, marking our first project that integrates a solar PV carport and EV charging station infrastructure.  This achievement highlights Emeren's innovative approach to clean energy. The rooftop solar PV project further strengthens our leadership in distributed generation solar energy. We remain committed to expanding our portfolio of renewable energy solutions for commercial and industrial facilities in China. Our partnership with Luxshare-ICT exemplifies how Emeren collaborates with leading companies to support their sustainability goals and achieve measurable reductions in carbon emissions."

Emeren Group continues to develop a robust pipeline of solar projects across key markets. With this 4.5 MW project now operational, Emeren demonstrates its ability to deliver innovative, high-quality solar solutions that meet both the energy needs of its clients and the growing demand for clean energy.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.

About Luxshare iTech (Zhejiang) Co., LTD

Luxshare iTech (Zhejiang) Co., Ltd. is a key facility of Luxshare Precision Industry Co., Ltd. (SHE: 002475). Founded on May 24, 2004, and listed on the Shenzhen Stock Exchange in 2010, Luxshare Precision is a global leader in integrated smart manufacturing. The company focuses on the design, development, manufacturing, and sales of products in consumer electronics (smartphones, wearables, acoustic modules), automotive (wiring harnesses, connectors, smart cockpits), and enterprise communication (high-speed interconnects, optical modules, power supplies). With a comprehensive global supply chain, Luxshare delivers full-spectrum solutions to top global clients, emphasizing sustainability and innovation.

For investor and media inquiries, please contact:

Emeren Group Ltd - Investor Relations
ir@emeren.com 

The Blueshirt Group 
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co 

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SOURCE Emeren Group Ltd

FAQ

What is the capacity of the solar power plant Emeren Group (SOL) connected to the grid for Luxshare?

Emeren Group (SOL) connected a 4.5 MW solar power plant to the grid for Luxshare, consisting of a 4 MW rooftop distributed photovoltaic system and a 0.5 MW solar PV carport with integrated EV charging stations.

Where is the new Emeren Group (SOL) solar power plant for Luxshare located?

The new Emeren Group (SOL) solar power plant for Luxshare is located in Jiashan County, Zhejiang Province, China.

How does the Emeren Group (SOL) solar project support Luxshare's sustainability goals?

The Emeren Group (SOL) solar project supports Luxshare's sustainability goals by integrating renewable energy into its operations, reducing carbon emissions, and improving energy efficiency as part of Luxshare's participation in Apple's Supplier Clean Energy Program.

What innovative features does the Emeren Group (SOL) solar project for Luxshare include?

The Emeren Group (SOL) solar project for Luxshare innovatively combines a rooftop solar PV system with a solar PV carport that includes integrated electric vehicle (EV) charging stations, showcasing a comprehensive clean energy solution.

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