Emeren(SOL) Prnewswire·2025-01-15 11:00Transaction Overview - Emeren Group Ltd sold a 65 MWp solar project portfolio to Trina Solar ISBU, marking a significant transaction in the renewable energy sector [1] - The portfolio includes three projects in Germany, with potential for Battery Energy Storage Systems (BESS) integration, expected to close in mid-to-late 2025 [2] Strategic Importance - The sale strengthens Emeren's position in Germany's renewable energy market, a key focus for the company [2] - Trina Solar ISBU views Germany as a crucial market for downstream PV and BESS project development, marking the beginning of its activities in the region [3] Company Statements - Emeren's CEO highlighted the success of previous collaborations with Trina Solar and emphasized Germany's importance as a dynamic solar energy market [3] - Trina Solar ISBU's Head of EMEA expressed confidence in the successful delivery of the projects and the potential for future partnerships with Emeren [3] Company Profiles - Emeren Group Ltd is a global leader in solar project development, ownership, and operation, with a significant focus on Battery Energy Storage Systems (BESS) [4] - Trina Solar ISBU is a global developer of utility-scale solar power and battery storage solutions, active in over 20 countries and regions, with a strong presence in Europe [5] Market Context - Germany's ambitious renewable energy goals make it a crucial market for solar energy development, as highlighted by both Emeren and Trina Solar ISBU [3] - Trina Solar ISBU has constructed over 2.5GW of grid-connected energy projects in Europe, underscoring its expertise and commitment to the region [5]