Emeren divests 29 MW rooftop solar PV portfolio in Henan Province

Emeren Group Ltd has announced its divestment of a 29 MW portfolio of 6 rooftop distributed generation (DG) projects in Henan province, China to CNNP Rich Energy Company.

The bundle includes six photovoltaic (PV) schemes and is part of Emeren's strategy to focus on five coastal provinces in China with favorable power prices and a robust economy. Financial details of the agreement have not been disclosed yet.

China is focusing on clean energy projects to increase its renewable energy capacity to meet its energy demands and reduce carbon emissions. The country's solar industry is one of the most extensive in the world, with an installed capacity of about 300 GW as of 2021.