Emeren Group Ltd. Records Impairment Charges for the Quarter Ended December 31, 2023

Emeren Group Ltd (Emeren) is a global solar project developer, owner, and operator with a pipeline of projects and independent power producer (IPP) assets totaling over three gigawatts (GW), as well as a storage pipeline of over 10 Gigawatt hours (GWh) across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. Emeren North America develops utility and community scale solar, solar plus storage, and stand-alone storage projects. In China, Emeren is focused on project development, construction, and operations of distributed solar power generation and energy storage facilities. Its European market is focused on developing medium and large-scale ground-mounted photovoltaic (PV) plants. The Company also operates a 10.76 megawatt-hour (MWh) portfolio comprising six energy storage power stations, located in Zhejiang Province.