In a significant milestone for sustainable energy initiatives, Emeren Group, a prominent global solar project developer, has successfully connected its inaugural solar storage project to the grid on September 26th in Ningbo, Zhejiang Province, China.
This pioneering project boasts a capacity of 0.6 MW/1.2 MWh and operates behind the meter, solidifying its position as an innovative and efficient energy solution. Supported by a private long-term power purchase agreement (PPA) with a local off-taker, the project has been strategically designed to optimize returns through daily price arbitration. This approach underscores Emeren Group’s unwavering commitment to sustainable and financially responsible energy solutions.
Emeren Group currently holds a diversified portfolio of projects at various stages of planning and execution in China, encompassing several Commercial and Industrial (C&I) sized storage projects that are actively under construction.
Yumin Liu, the CEO of Emeren Group, outlined the company’s ambitious strategy, stating, “As part of our strategic vision, we plan to further expand our storage portfolio under our light IPP strategy.”
Impressively, Emeren Group boasts a substantial pipeline of projects and IPP assets, totaling over 3 GW. Moreover, their storage pipeline exceeds 6 GWh, spanning regions across Europe, North America, and Asia.
This achievement reinforces Emeren Group’s dedication to advancing renewable energy technologies and signifies a positive step towards a sustainable and clean energy future.