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 ...

Transaction Details - Emeren Group successfully sold a 42 MWp RTB solar project portfolio in Spain to CVE España, a French IPP [1] - The portfolio consists of eight Greenfield projects developed since 2021, with sizes ranging from 5MW to 6MW [1] - One project has been closed, while the remaining seven will be completed in Q3 2024 [1] - The projects are located in Castilla-y-Leon, Comunidad Valenciana, and Andalucia [1] - The portfolio will generate 92,792.936 MWh/year, equivalent to the energy consumption of 28,360 households [1] - The projects will avoid approximately 20,093.73 tons of CO2 emissions annually [1] Strategic Impact - The transaction marks a significant milestone for Emeren Group's business in Spain, reinforcing its commitment to expanding solar and battery storage portfolios [2] - The Spanish PV market is described as competitive and promising, with a positive long-term outlook driven by policy support, technological advancements, and renewable energy emphasis [2] - CVE Group expects the transaction to triple its installed capacity in Spain to 65MWp by late 2025, aligning with its strategic goals of producing distributed solar energy and selling through PPAs [2] Company Profiles - Emeren Group is a global leader in renewable energy, specializing in solar project development, ownership, and operation, with a significant global Battery Energy Storage System (BESS) capacity [3] - The company focuses on the entire solar project lifecycle, leveraging local talent to ensure efficient and impactful sustainable energy solutions [3] - CVE Group is a French independent producer of renewable energies, operating in solar, biogas, and hydrogen across multiple countries [4] - The company aims to promote new business models based on direct energy sales, targeting industrial consumers, local authorities, businesses, and farmers [4] - CVE Group plans to reach a renewable installed capacity of 3.6 GWp by 2028 and is certified "B Corp" for high social and environmental standards [4]

STAMFORD, Conn., July 1, 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 Development Service Agreement ("DSA") partnership for a state-of-the-art portfolio comprising five Battery Energy Storage Systems ("BESS") in Italy with PLT energia Srl ("PLT"), one of the largest independent Italian groups active in the energy sector from wind and photovoltaic sources. This transaction marks ...

This innovative cryptocurrency should be on your watch list.In the cryptocurrency world, all the recent attention seems to be going to Bitcoin. But there's been a better-performing digital asset investors can't ignore.In the past 12 months, Solana (SOL 4.40%) has skyrocketed nearly 800%, which would have turned a $1,000 investment into $9,000 in just one year. As of this writing, SOL, Solana's native token, is off 26% from its 2024 peak. The market seems to be taking a breather, even though this is currentl ...

151 subjects enrolled in various stages of loading and randomization in SOL-1 pivotal study of AXPAXLI in wet AMD as of June 7, 2024 Announces plans for SOL-R study to evaluate repeat doses of AXPAXLI in wet AMD 48-week HELIOS NPDR results show 23.1% of patients in AXPAXLI arm experienced ≥2-step DRSS improvement with no patients experiencing worsening of DRSS or vision threatening complications BEDFORD, Mass., June 13, 2024 (GLOBE NEWSWIRE) -- Ocular Therapeutix, Inc. (NASDAQ: OCUL, “Ocular”, the “Company ...

If Solana can convince investors it's the next Ethereum, it could skyrocket in value.In 2023, Solana (SOL -0.93%) was one of the top-performing major cryptocurrencies, up an eye-popping 900%. In 2024, Solana has continued to turn in a stellar performance. At its current price of $165, Solana is up more than 60% through the first five months of the year.The problem, however, is that Solana appears to be running into a wall right now. It is down nearly 20% since it hit an intra-year high of just over $200 in ...

With mainstream consumer adoption on the rise, Solana could be ready for a big breakout this summer.Through the first five months of 2024, Solana (SOL -5.66%) has more than kept pace with both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). It is up 66%, compared to 65% for Ethereum and 62% for Bitcoin.That's impressive, but the best might be yet to come. There are three key catalysts that could send Solana soaring this summer.1. A spot Solana ETF?The biggest reason that Solana might skyrocket in value in ...

The world's fifth-largest cryptocurrency still has a bright future.Solana (SOL -1.50%) has taken investors on a wild ride since its first block was created on March 16, 2020. The cryptocurrency launched at $0.95 and soared to an all-time high of $260.06 on Nov. 6, 2021, but now trades at about $165.At first, Solana's blockchain attracted a lot of attention from developers as a faster alternative to Ethereum (ETH -1.46%). But Solana subsequently suffered a series of network congestion and security failures, ...

STAMFORD, Conn., May 29, 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 that management will be attending 10th Annual Roth London Conference, which will be held at the Four Seasons Hotel London at Park Lane.Management will be available for one-on-one or small group meetings with institutional investors during the conference on June 25 - 27, 2024. For more information about the conf ...

Exhibit 99.1 May 23, 2024 Fellow Shareholders, In the first quarter of 2024, we generated $14.8 million in revenue, marking a 15% increase year over year. Our gross profit soared to $4.0 million, more than doubling from the previous year, with the gross margin reaching 27.2%. The operating loss was approximately $0.7 million, significantly reduced from last year. This substantial growth in revenue was primarily driven by our expanding Development Service Agreement (DSA) business, which generated over $5 mil ...