Energy utility Engie has invested an undisclosed amount in China-based solar project developer Unisun, taking a 30% stake in the process.
Unisun develops, invests in, operates and maintains turnkey solar photovoltaic plants, and has subsidiaries in in Japan, Germany, the Netherlands and the Philippines as well as China.
The company has deployed about 500 MW of plants since it was founded and has 1 GW of projects in the pipeline. France-headquartered Engie made the investment as part of a joint venture agreement that will also involve it getting a Unisun board seat.
He Yisha, Unisun’s president, said: “The investment by the energy giant Engie into Unisun demonstrates that the innovative business model and comprehensive service capacity of Unisun is highly recognised.
“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”.
Charlotte Roule, chief operating officer of Engie China, added: “This investment into Unisun, which develops both projects of production on wholesale electricity market and projects for [business-to-business] clients, represents for Engie the opportunity to step in the world biggest and most promising renewable power market.”
– Photo courtesy of Unisun Energy Group