Emeren announced on Monday that the company has signed a 7-year pay-per-production agreement.
According to Zhitong Finance, Emeren (SOL.US) announced on Monday that the company has signed a 7-year pay-as-you-go agreement to supply energy from its photovoltaic power plant located in the Silesia region of Poland to a subsidiary of a consumer goods company in Poland. Emeren stated that the photovoltaic power plant will generate 14,958 MWh of Wind Power annually, which will reduce carbon dioxide emissions by 16,150 tons per year. The company's CEO, Yumin Liu, stated: "The successful signing of the seven-year power purchase agreement indicates that we have the capability to execute key aspects of the Wind Power Global Strategy in critical markets."