Emeren Group Successfully Acquired 10.76 MWh Energy Storage Portfolio in China, Entering Virtual Power Plant Market

Core Insights - Emeren Group Ltd has successfully acquired a 10.76 MWh energy storage power portfolio from Kunneng Smart Energy Service Group, enhancing its position in the renewable energy sector in China [1][2] - The acquisition includes six energy storage power stations located in Zhejiang Province, which will operate under Energy Management Services agreements to provide benefits through energy arbitrage [1][2] - Emeren aims to strengthen its position in the Chinese energy storage investment market and expand its global storage strategies, particularly in the Virtual Power Plant (VPP) market [2] Company Overview - Emeren Group Ltd is a leading global solar project developer with a project pipeline and IPP assets totaling over 3 GW, alongside a storage pipeline exceeding 10 GWh across Europe, North America, and Asia [3] - The company focuses on solar power project development, construction management, and project financing services, supported by local professional teams in multiple countries [3]