Emeren Group (SOL) Divests 42 MWp Solar Portfolio in Spain
SOLEmeren(SOL) ZACKS·2024-07-12 22:46

Emeren Group Ltd. (SOL) recently announced the sale of a ready-to-build (RTB) solar project portfolio of 42 megawatt peak (MWp) in Spain to CVE Espana. This divestment can be expected to boost SOL’s third-quarter 2024 revenues.This portfolio includes eight Greenfield plants, with sizes ranging from 5 to 6 megawatts (MW). One among these projects is already completed, while the rest are projected to be completed by Emeren in the third quarter of 2024.  The combined energy production from these eight projects ...