NORWALK,
Conn., Dec. 30, 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 signing of a 7-year Power Purchase Agreement (PPA).
The solar farm, located in Poland's southwest Silesia region, will supply
clean energy under a pay-as-produced agreement to the Polish
subsidiary of a multinational consumer goods business.
The solar farm will generate approximately 14,958 MWh of
renewable energy annually, mitigating around 16,150 metric tons of
carbon dioxide emissions each year. This achievement aligns with
Poland's national climate goals
and global decarbonization efforts. Additionally, by supplying
clean energy directly to the grid, the project enhances local
energy security and supports the diversification of Poland's energy mix, which remains heavily
reliant on coal.
The project also delivers significant economic benefits to the
region. Construction provided employment for 80 workers, including
many from the Ukrainian community, and its ongoing operations will
create 10 long-term jobs. Moreover, the solar farm will generate
approximately 90,000 PLN annually in property taxes and 167,000 PLN
in land taxes, supporting local infrastructure improvements and
community development initiatives.
Yumin Liu, CEO of Emeren Group,
commented, "The successful signing of a 7-year PPA demonstrates our
ability to execute on critical aspects of our renewable energy
strategy in key markets. These achievements reflect our commitment
to delivering projects that drive environmental progress and create
lasting value for communities. This project not only supports
Poland's energy transition but
also strengthens the local economy and showcases our ability to
deliver impactful renewable energy projects on a global scale. By
partnering with strong industrial leaders and trusted buyers, we
continue to advance our vision of a sustainable energy future."
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.
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
