STAMFORD, Conn., July 9, 2024 /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 successful sale of a 42 MWp RTB solar project portfolio in Spain to CVE España, part of CVE, a French IPP.
This diverse portfolio comprises eight Greenfield projects developed by Emeren since 2021, with project sizes ranging from 5MW to 6MW. One project has been already closed while the rest of the projects will be closed during Q3, classified as Ready to Build ("RTB"). Six of the eight projects are located in Castilla-y-Leon, another one in Comunidad Valenciana and the last one in Andalucia. These eight project will generate a total of 92,792.936 MWh/year of energy, i.e. the equivalent consumption of 28,360 households in a local region. The carbon emissions avoided will be of the order of 20,093.73 tons of CO2 per year.
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