ENGIE enters solar PV business in China

ENGIE signed agreement for a 30% equity investment through capital increase in Chinese solar PV company UNISUN
ENGIE signed agreement for a 30% equity investment through capital increase in Chinese solar PV company UNISUN

ENGIE (Paris, France) on April 18th, 2017 announced an agreement for a 30% equity investment through capital increase in UNISUN, a Chinese solar photovoltaic (PV) company.

According to the press release, since 2014, UNISUN has successfully developed PV projects totaling around 500 MW.

ENGIE aims to support UNISUN in the field of photovoltaic business’ development, ownership, operation, as well as smart energy management in China.

Forecasting fast growing business, UNISUN targets a development of around 4 GW PV projects (cumulated capacity) by 2020 in China.

“The investment by the energy giant ENGIE into UNISUN demonstrates that the innovative business model and comprehensive service capacity of UNISUN is highly recognized,” comments Ms. He Yisha, President of UNISUN.

 

 

ENGIE to step in the world biggest and most promising renewable power market

“ENGIE’s strong support, in terms of experience, technology and resources will lead to a comprehensive upgrading of UNISUN capacity to achieve its vision to be a competent, innovative and integrated energy provider”.

Ms. Charlotte Roule, COO of ENGIE China declared:This investment into UNISUN, which develops both projects of production on wholesale electricity market and projects for BtoB clients, represents for ENGIE the opportunity to step in the world biggest and most promising renewable power market. It demonstrates once again the ambition of ENGIE to be leader of the energy transition in the world”.

 

 

 

 

 

 

 

2017-04-20 Courtesy: ENGIE | solarserver.com © Heindl Server GmbH

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