Emeren rises after sale of solar project portfolio to Trina Solar

Emeren

15/01/2025 16:03

** Shares of U.S.-based solar firm Emeren Group  SOL.N  rise
8.9% to $2.07
    ** Company announces the sale of a 65 megawatt-peak (MWp)
solar project portfolio to a unit of Trina Solar  688599.SS  
    ** Portfolio includes three projects: one in western
Germany, the second - an agrivoltaics (Agri-PV) project - in
Mecklenburg-Western Pomerania, northern Germany, and another
Agri-PV initiative located in Lower Saxony, northern Germany
    ** These projects are expected to close in mid-to-late 2025
    ** Stock was down 2.9% in 2024

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))