Emeren rises as co completes grid connection of solar energy storage project in China

Emeren

10/10/2023 15:49

** Shares of solar project developer Emeren Group  SOL.N 
climb 9.3% to $2.97
    ** Emeren says 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
     ** Currently have a portfolio of projects in the planning
and execution phases in China, including several commercial- and
industrial-sized (C&I) storage projects that are currently under
construction - CEO Yumin Liu
    ** Emeren stock down ~34% so far this year
    

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