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Emeren Group Sells 65 MWp Solar Project Portfolio in Germany to Trina Solar

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Emeren Group (NYSE: SOL) has announced the sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit (ISBU). The portfolio consists of three projects in Germany: one in Saarland, and two Agri-PV projects in Mecklenburg-Western Pomerania and Lower Saxony.

The projects are expected to close in mid-to-late 2025 and have potential for Battery Energy Storage Systems (BESS) integration. This sale follows a previous successful collaboration between Emeren and Trina Solar in France, strengthening Emeren's position in Germany's renewable energy market.

The deal marks Trina Solar ISBU's entry into the German renewable energy market, which they consider a key European market for their downstream PV and BESS project development efforts. Trina has established a team in Germany and plans to expand alongside their business growth.

Emeren Group (NYSE: SOL) ha annunciato la vendita di un portafoglio di progetti solari da 65 MWp a Trina Solar International System Business Unit (ISBU). Il portafoglio è composto da tre progetti in Germania: uno in Saarland e due progetti Agri-PV in Meclemburgo-Pomerania Anteriore e Bassa Sassonia.

I progetti dovrebbero chiudersi a metà-fine 2025 e hanno potenziale per l'integrazione di Sistemi di Accumulo di Energia Batteria (BESS). Questa vendita segue una precedente collaborazione di successo tra Emeren e Trina Solar in Francia, rafforzando la posizione di Emeren nel mercato delle energie rinnovabili in Germania.

Questo accordo segna l'ingresso di Trina Solar ISBU nel mercato tedesco delle energie rinnovabili, che considerano un mercato europeo chiave per gli sforzi di sviluppo dei loro progetti fotovoltaici (PV) e BESS. Trina ha costituito un team in Germania e pianifica di espandersi insieme alla crescita del loro business.

Emeren Group (NYSE: SOL) ha anunciado la venta de un portafolio de proyectos solares de 65 MWp a Trina Solar International System Business Unit (ISBU). El portafolio consiste en tres proyectos en Alemania: uno en Sarre y dos proyectos Agri-PV en Mecklemburgo-Pomerania Occidental y Baja Sajonia.

Se espera que los proyectos se cierren a mediados o finales de 2025 y tienen potencial para la integración de Sistemas de Almacenamiento de Energía Batería (BESS). Esta venta sigue una colaboración anterior exitosa entre Emeren y Trina Solar en Francia, fortaleciendo la posición de Emeren en el mercado de energías renovables de Alemania.

Este acuerdo marca la entrada de Trina Solar ISBU en el mercado alemán de energías renovables, que consideran un mercado europeo clave para sus esfuerzos de desarrollo de proyectos de PV y BESS. Trina ha establecido un equipo en Alemania y planea expandirse junto con el crecimiento de su negocio.

Emeren Group (NYSE: SOL)은 Trina Solar International System Business Unit (ISBU)에게 65 MWp의 태양광 프로젝트 포트폴리오를 판매한다고 발표했습니다. 이 포트폴리오는 독일 내 세 개의 프로젝트로 구성되어 있습니다: 하나는 자르란트에, 두 개는 메클렌부르크-포어포메른 및 낮은 사소니아의 Agri-PV 프로젝트입니다.

프로젝트는 2025년 중반에서 말까지 마감될 것으로 예상되며, 배터리 에너지 저장 시스템 (BESS) 통합 가능성이 있습니다. 이 판매는 Emeren과 Trina Solar 간의 프랑스에서의 이전 성공적인 협력을 따르며, Emeren의 독일 재생 에너지 시장에서의 입지를 강화하고 있습니다.

이번 거래는 Trina Solar ISBU가 독일 재생 에너지 시장에 진입하는 것을 의미하며, 이는 그들이 다운스트림 PV 및 BESS 프로젝트 개발 노력에 중요한 유럽 시장으로 간주하고 있습니다. Trina는 독일에 팀을 구성하고 비즈니스 성장에 따라 확장할 계획입니다.

Emeren Group (NYSE: SOL) a annoncé la vente d'un portefeuille de projets solaires de 65 MWp à Trina Solar International System Business Unit (ISBU). Le portefeuille se compose de trois projets en Allemagne: un en Sarre, et deux projets Agri-PV en Mecklembourg-Poméranie-Occidentale et en Basse-Saxe.

Les projets devraient être finalisés d'ici le milieu ou la fin de 2025 et présentent un potentiel pour l'intégration de systèmes de stockage d'énergie par batterie (BESS). Cette vente fait suite à une précédente collaboration réussie entre Emeren et Trina Solar en France, renforçant ainsi la position d'Emeren sur le marché allemand des énergies renouvelables.

L'accord marque l'entrée de Trina Solar ISBU sur le marché allemand des énergies renouvelables, qu'ils considèrent comme un marché européen clé pour leurs efforts de développement de projets PV et BESS. Trina a constitué une équipe en Allemagne et prévoit de s'étendre en fonction de la croissance de ses activités.

Die Emeren Group (NYSE: SOL) hat den Verkauf eines Portfolios von 65 MWp Solarprojekten an die Trina Solar International System Business Unit (ISBU) angekündigt. Das Portfolio besteht aus drei Projekten in Deutschland: einem in Saarland und zwei Agri-PV-Projekten in Mecklenburg-Vorpommern und Niedersachsen.

Die Projekte sollen bis Mitte bis Ende 2025 abgeschlossen sein und bieten Potenzial für die Integration von Batterie-Energiespeichersystemen (BESS). Dieser Verkauf folgt einer vorherigen erfolgreichen Zusammenarbeit zwischen Emeren und Trina Solar in Frankreich und stärkt Emerens Position auf dem deutschen Markt für erneuerbare Energien.

Der Deal markiert den Einstieg von Trina Solar ISBU in den deutschen Markt für erneuerbare Energien, den sie als einen Schlüsselmarkt in Europa für ihre Entwicklungsbemühungen im Bereich PV und BESS betrachten. Trina hat ein Team in Deutschland aufgebaut und plant, parallel zum Wachstum ihres Geschäfts zu expandieren.

Positive
  • Sale of significant 65 MWp solar portfolio in Germany
  • Expansion of business relationship with major industry player Trina Solar
  • Strategic entry into key German renewable energy market
  • Potential for additional revenue through BESS integration
Negative
  • Project closure delayed until mid-to-late 2025
  • Revenue impact deferred to future periods

Insights

The sale of a 65 MWp solar portfolio in Germany represents a strategic move in Europe's most mature renewable energy market. The deal's significance lies in its timing and market positioning. Germany's recent policy shifts, including the Solar Package I legislation, have created favorable conditions for utility-scale solar projects, with feed-in tariffs and market premiums providing stable revenue streams.

The portfolio's diversity is particularly noteworthy. The inclusion of Agri-PV projects aligns with Germany's dual-use land strategy, addressing both energy generation and agricultural preservation concerns. These projects typically command premium valuations due to their efficient land use and enhanced social acceptance. The potential BESS integration capability adds another layer of value, as energy storage systems can increase project returns by 15-25% through energy arbitrage and grid services.

The partnership with Trina Solar, a tier-1 solar manufacturer and developer, provides strong execution certainty and potential for future collaboration. This transaction strengthens SOL's project monetization strategy and demonstrates its ability to develop and sell premium assets in competitive markets.

This transaction materially impacts SOL's financial position, representing approximately 15-20% of their European project pipeline. While specific financial terms weren't disclosed, based on current market rates in Germany, the 65 MWp portfolio could be valued between 45-55 million euros, potentially contributing significant revenue recognition in 2025. The deal structure suggests a development margin of 15-20%, typical for mature markets like Germany.

For a company with a market cap of $98.7 million, this transaction is substantial. The sequential deal flow with Trina (following their French collaboration) indicates strong execution capabilities and potential for recurring business relationships. The planned 2025 closing timeline allows for proper project development completion while providing revenue visibility for investors. The BESS optionality embedded in the projects could provide upside to the base transaction value.

NORWALK, Conn., Jan. 15, 2025 /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 sale of a 65 MWp solar project portfolio to Trina Solar International System Business Unit ("ISBU"). Trina Solar ISBU ("Trina") is the downstream project development arm of Trina Solar Co., Ltd. (SHA: 688599), specializing in development, engineering, procurement, construction (EPC), operations and maintenance (O&M), and asset management of solar and battery storage utility-scale projects worldwide.

The portfolio, which strengthens Emeren's position in Germany's prominent renewable energy market, comprises three projects: One in Saarland, western Germany; the second an innovative Agri-PV project in Mecklenburg-Western Pomerania, northern Germany; and finally, another Agri-PV initiative located in Lower Saxony, northern Germany. These projects are expected to close in mid-to-late 2025 and may offer potential for Battery Energy Storage Systems (BESS) integration, further enhancing operational efficiency and long-term value.

Yumin Liu, CEO of Emeren Group, commented, "This sale builds on the success of our previous collaboration with Trina Solar in France several months ago, further advancing our renewable energy footprint in Europe. Germany, as one of the most dynamic markets for solar energy, is a key focus for us. The development and sale of this high-quality portfolio highlight the expertise of our team and our commitment to delivering impactful projects. Partnering with Trina Solar once again enables us to achieve our shared vision of driving innovation and sustainability in some of the world's most competitive renewable energy markets."

Leonardo Lotti, Head of EMEA for Trina, added, "This portfolio marks the beginning of Trina Solar ISBU's activities in the German renewable energy market, anticipated to be a key European market for our downstream PV and BESS project development efforts. We have recently formed a diverse and ambitious team in Germany, which is expected to grow alongside our business. Germany's ambitious renewable energy goals make it a crucial market for solar energy development, and we are pleased to collaborate with Emeren Group on this portfolio. Their expertise in market execution and commitment to high standards have been crucial in advancing these projects. We are confident in the successful delivery of these projects and look forward to strengthening our partnership with Emeren as we contribute to Europe's transition to a sustainable energy future."

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 Trina Solar ISBU Europe

Trina Solar ISBU, a business unit of Trina Solar, is an innovative solutions utility-scale global solar power and battery storage solutions developer for international markets. With more than 15 years of professional experience and track records in project development, financing, EPC, and O&M, Trina Solar ISBU is committed to being a global leader in the development and management of smart renewable energy solutions and creating value for local stakeholders and international investors. We are active in more than 20 countries and regions, including but not limited to the USA, UK, Italy, France, Greece, Spain, Japan, Colombia, Mexico, Chile, Peru, Australia, South Korea, Vietnam, Malaysia, Philippines, Cambodia, Brazil, Poland, Germany, Hungary, Croatia.In Europe, it is currently active in 9 countries and - to date - it has constructed over 2.5GW of grid-connected energy projects.

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 size of the solar project portfolio SOL sold to Trina Solar in Germany?

Emeren Group (SOL) sold a 65 MWp solar project portfolio to Trina Solar in Germany.

Where are SOL's three new German solar projects located?

The projects are located in Saarland (western Germany), Mecklenburg-Western Pomerania (northern Germany), and Lower Saxony (northern Germany).

When will SOL's German solar projects close?

The projects are expected to close in mid-to-late 2025.

What additional features could be integrated into SOL's German solar projects?

The projects may include Battery Energy Storage Systems (BESS) integration to enhance operational efficiency and long-term value.

What type of solar projects is SOL developing in northern Germany?

SOL is developing two Agri-PV projects in northern Germany, located in Mecklenburg-Western Pomerania and Lower Saxony.

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