Emeren completes grid connection of solar energy storage project in China

Emeren

10/10/2023 11:29

Oct 10 (Reuters) - Solar project developer Emeren Group
 SOL.N  said on Tuesday it has completed the grid connection of
its inaugural solar storage project last month in Ningbo,
Zhejiang Province, China.
    The project has a capacity of 1.2 megawatt hour (MWh) and is
backed by a private long-term power purchase agreement (PPA)
with a local off-taker. 
    China's installed solar capacity will double to 1,000
gigawatts (GW) by the end of 2026 as the world's second-largest
economy continues to ramp up investment in renewables, energy
research firm Rystad Energy wrote in a note published last
month.
    "We currently have a portfolio of projects in the planning
and execution phases in China, including several commercial and
industrial (C&I) sized storage projects that are currently under
construction," Yumin Liu, CEO of Emeren Group, said in a
statement.

 (Reporting by Arunima Kumar in Bengaluru; Editing by Shailesh
Kuber)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
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