Construction of the projects is expected to begin in late 2024, with the final projects to be built and connected by early 2025. The projects are all located in central Spain and will be able to generate enough energy to supply 51,380 households, as well as displacing 19,544 vehicle emissions per year.
Emeren is planning to develop and build battery energy storage systems (BESS) on the already permitted sites, representing a saving of 35,903.9 tons of CO2 per year. The company has an advanced-stage portfolio of over 300 MW of solar and 100 MWh of storage, with a 2024/2025 pipeline of over 4 GWs.
“We are excited to acquire the portfolio of projects from Negratin Global Services as they fit well with Emeren's strategic vision for advancing renewable energy in Spain and globally” said Yumin Liu, CEO of Emeren Group. “Partnering with Negratin reinforces our dedication to expanding our renewable energy portfolio and showcasing our successful track record in acquiring and selling utility-scale projects.”
Enrique Diaz Hinojosa, CEO of Negratin Global Services, added that the acquisition aligns with Negratin’s commitment to renewable energy and supports its vision for a greener future.
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