Enfinity Signs Joint Venture Deal With China Guangdong Nuclear Power Corporation

China Guangdong Nuclear Power Corporation (CGNPC) and Enfinity, following their successful cooperation on the concession tender of a 10-megawatt (MW) grid-connected PV power plant in China, will establish a joint venture company in China. The joint venture will focus on the construction and development of solar power projects in China, as well as the promotion of the strategic development of the solar power industry.

“The Joint Venture will initially focus on photovoltaic (PV) projects and then may select and develop other business in the solar power industry chain that enhances the core competitiveness of the Joint Venture and its high ancillary value,” said Qian Zhimin, chairman of the board of CGNPC.

Enfinity and CGNPC also agreed to collaborate on other renewable energy projects with a worldwide scope and a focus on Europe. A collaboration agreement has been signed between Enfinity, CGNPC, Ninxgia region and Shizuishan city for the development of 2000 MW of solar energy projects in the coming 10 years.

 

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