NORWALK,
Conn., Nov. 5, 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 a co-development agreement with Arpinge, a permanent
capital vehicle focused on sustainable infrastructure in
Italy, to jointly develop a 300 MW
Battery Energy Storage System (BESS) portfolio in Southern Italy.
This partnership strengthens Emeren's growing presence in
Italy's BESS market, where the
Company has already achieved approximately 1.37 GW in the
permitting pipeline. As Emeren's fourth partnership with an Italian
leader in ESG-aligned investments, this collaboration aligns with
Italy's clean energy goals,
accelerating the permitting and development process in support of
the country's energy transition. This partnership also reflects
Emeren's focus on high-value opportunities in battery storage as a
key part of its growth strategy.
Yumin Liu, CEO of Emeren
Group, commented, "This partnership with Arpinge marks a promising
step forward in our strategic expansion within Italy's energy storage industry. Our success
in securing partnerships with top-tier investors like Arpinge
reflects Emeren's capability to capture market opportunities early
and drive significant value through our proven Development Service
Agreement (DSA) model. With the support of our skilled Italian
team, we look forward to delivering robust results as we advance
toward a successful close to the year."
Federico Merola, CEO of Arpinge
Group, commented, "Collaborating with Emeren on this significant
battery storage portfolio underscores our commitment to sustainable
infrastructure investments that align with Italy's energy transition objectives. This
partnership leverages our combined expertise to accelerate the
development of critical energy storage solutions, enhancing grid
stability and supporting the integration of renewable energy
sources."
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a renewable energy leader,
showcases a comprehensive portfolio of solar projects and
Independent Power Producer (IPP) assets, complemented by a
significant global Battery Energy Storage System (BESS) capacity.
Specializing in the entire solar project lifecycle — from
development through construction to financing — we excel by
leveraging local talent in each market, ensuring our sustainable
energy solutions are at the forefront of efficiency and impact. Our
commitment to enhancing solar power and energy storage underlines
our dedication to innovation, excellence, and environmental
responsibility. For more information, go to www.emeren.com.
About Arpinge
Arpinge is a permanent capital vehicle set up as a joint-stock
company by three institutional investors – the Italian pension
funds of Cassa Geometri, Eppi and Inarcassa – to invest in
infrastructure, taking into account the portfolio resilience and
sustainability, and to act as a promoter of greenfield projects.
The Group operates in full compliance with the ESG principles and
is currently active in all three main energy transition segments:
Renewables, especially in the wind and photovoltaic sectors; Energy
Efficiency and Mobility, where the company is the leading Italian
investor in the parking sector and fourth by number of parking
spaces operated in Italy.
For investor and media inquiries, please contact:
Emeren Group Ltd - Investor Relations
+1 (925) 425-7335
ir@emeren.com
The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co
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SOURCE Emeren Group Ltd
