Emeren sells 42 MWp RTB solar project in Spain to CVE

By Editor


Emeren Group, a solar project developer, has sold a 42 MWp RTB solar project in Spain to CVE Espana, part of CVE, a French IPP.

This portfolio comprises eight greenfield projects developed by Emeren since 2021, with project sizes ranging from 5MW to 6MW. One project has been already closed while the rest of the projects will be closed during Q3, classified as Ready to Build (RTB).

Six of the eight projects are located in Castilla-y-Leon, another one in Comunidad Valenciana and the last one in Andalucia. These eight project will generate a total of  92,792.936 MWh/year of energy, i.e. the equivalent consumption of 28,360 households in a local region.  These eight projects will reduce 20,093.73 tons of CO2 per year.

Yumin Liu, CEO of Emeren Group, said: “We started developing this portfolio in 2021 and managed to grow quickly in a competitive and promising Spanish PV market. The long-term outlook for solar PV in Spain and Europe remains positive, driven by strong policy support, technological advancements, and a growing emphasis on renewable energy.”

Pierre de Froidefond, Managing partner of CVE, said the transaction will allow CVE to triplicate installed capacity by late 2025 (up to 65MWp) in Spain.

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