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Renewable Developer Emeren’s Net Income Hits Five-Year High in Q2 2023

The company recorded a revenue of $33.85 million, a YoY increase of 312.3%

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Utility-scale solar and battery storage projects developer Emeren Group recorded a net income of $8.3 million during the second quarter (Q2) of 2023, marking the highest level seen in the past five years and accounting for a massive year-over-year (YoY) improvement from a loss of $204,000.

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