Emeren Group (SOL) Buys 10.76 MWh Storage Portfolio in China
Emeren(SOL) Zacks Investment Research·2024-01-10 20:31
Emeren Group Ltd. (SOL) recently completed the acquisition of a 10.76 Megawatt-hour (MWh) energy storage power portfolio from Kunneng Smart Energy Service Group Co. Ltd., in China.The portfolio comprises six energy storage power stations and is located in the Zhejiang Province. It operates under the Energy Management Services agreements, providing benefits to customers based on energy arbitrage.As of now, all six facilities are connected to the virtual power plant (VPP) platform. Emeren Group will earn its ...