FX.co ★ Emeren Group Sells 2.8 MW Solar Project In Maine To Altus Power

Emeren Group Ltd. (SOL) announced on Friday the sale of its 2.8 MWdc solar project in Maine to Altus Power, Inc. (AMPS), a company specializing in clean electric power solutions. This transaction underscores Emeren's expertise in efficiently delivering projects that reach Commercial Operation Date (COD), thereby solidifying its foothold in the U.S. market. As Altus Power takes over the project, it plans to supply clean, sustainable energy to local communities, aligning with Maine's goals for expanding renewable energy. In pre-market trading, Emeren's stock has risen by 0.56 percent, priced at $1.80 on the New York Stock Exchange.