Named Sinoma International Photovoltaic Engineering Technology Co., Ltd., the registered capital will be RMB30 million. It aims to establish, operate and manage solar power projects of around one gigawatt (GW) in the next three years.
Sky Solar said the deal came about in order for the companies to make full use of each partys advantages, including the senior financing platform and rich experience in overseas large-scale projects contracting of Sinoma, and the application, development, quality control, sales, operation and management of solar power plants of Sky Solar.
Sinoma will hold a majority share 68 percent having said it will contribute RMB20.4 million to the project; Sky Solar will contribute RMB9.6 million, with a share of 32 percent. Once the joint venture is established, Sky Solar says it will conduct close cooperation with Sky Solar's PV engineering technology center in Germany and the quality control center in Changzhou, China to provide EPC and turn-key services of solar power plants.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.