Independent power producer GoldenPeaks Capital Holding and China National Building Material Group have agreed to jointly pursue 1 gigawatt (GW) in solar projects across Europe. (Source: Shutterstock)
Independent power producer GoldenPeaks Capital Holding Ltd. (GPC) and China National Building Material Group Corp. (CNBM) have agreed to jointly pursue 1 gigawatt (GW) in solar projects across Europe.
The announcement by GoldenPeaks on Sep. 30 came as the Europe-focused company looked to expand its capacity into western Europe, including Germany, Italy and Greece, according to a news release.
“In Germany we will look into several projects, but especially Bavaria, with its long-sun hours and relevant industry leaders, has high potential,” said Adriano Agosti, founder and president of GoldenPeaks. “By closely collaborating with CNBM and Triumph, we are confident to meet the goal of developing 1 GW of new projects on a yearly basis. Our combined expertise will allow us to unlock exceptional opportunities in the European market and beyond.”
CNBM subsidiary Triumph Science & Technology Group serves as GoldenPeaks’ engineering, procurement and construction partner.
More than 1 GW of new projects are in the development pipeline and set to head into construction in 2025, according to the release. Another 2.5 GW are under development for 2026 to 2027.
The plans build on a partnership CNBM’s Triumph and GPC established five years ago.
“We are proud of our joint successes of the past five years and now look forward to accelerating our growth together,” said Yuxian Zhou, chairman of CNBM. “This partnership underscores our shared vision of advancing clean energy on a global scale.”
Recommended Reading
ADNOC Drilling, SLB and Patterson-UTI Form JV Turnwell Industries in UAE
2024-10-01 - Their joint venture Turnwell Industries LLC has been contracted to drill an initial 144 wells in the United Arab Emirates, scheduled for completion by the end of 2025.
Devon Energy Completes Grayson Mill Acquisition
2024-09-30 - Devon Energy Corp. completed its $5 billion acquisition of Grayson Mill Energy, expanding its Williston Basin operating scale and production.
FTC Oks Chevron-Hess Deal, Bans John Hess from Board
2024-09-30 - Federal regulators signed off on a blockbuster tie-up between Chevron and Hess Corp. but banned CEO John Hess from sitting on the Chevron board.
Elliott-backed Amber Energy Picked to Buy Citgo Petroleum for $7.3B
2024-09-27 - Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo Petroleum, which is held by a Venezuelan company, for $7.286 billion.
With ‘Pipeline of M&A,’ Crescent Ready for Another Deal
2024-08-08 - Fresh off closing its $2.1 billion SilverBow Resources acquisition, Crescent CEO David Rockecharlie told investors, “we are just getting started.”
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.