Emeren announced the sale of a 57 MWp solar project portfolio to Trina Solar Systems, the French subsidiary of Trina Solar International System Business Unit, or ISBU, the downstream project development arm of Trina Solar dedicated to the development, EPC, O&M, and asset management of solar and battery storage utility-scale projects worldwide. The portfolio includes five projects – one early-stage and one late-stage – both sold in Q3 2024, along with three mid-stage projects to be monetized in milestones and sold to Trina. Additionally, there is potential to incorporate Battery Energy Storage Systems, which could further increase the portfolio’s flexibility and overall value.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOL: