Shunfeng and state nuclear subsidiary promote large-scale clean energy in ‘regions such as Europe’

Facebook
Twitter
LinkedIn
Reddit
Email
Shunfeng owns the module manufacturer Suntech. Image: Suntech.

Shunfeng International Clean Energy (SFCE) and a branch of the state-owned China General Nuclear Power Group have signalled their shared intent to develop clean energy facilities in regions including Europe.

Shunfeng owns PV module manufacturer Suntech and a number of other interests, including the a Germany-based operations and maintenance (O&M) firm launched in October, Raising Power. A month before that the company also bought project developer SAG Solarstrom, also from Germany, which had become insolvent.

A statement announcing the strategic agreement with China General Nuclear Power Group subsidiary CGN European Energy was fairly unclear on the exact scope of the partnership between the two. However, the CEO of CGN European Energy, Lu Wei, revealed that the companies were likely to focus on large-scale clean energy projects in Europe.

“The cooperation is mutually beneficial, fully leveraging our capital, as well as our market and technology advantages in the clean energy sector. It is aimed at promoting large-scale clean energy applications in regions such as Europe, and facilitates the rapid development of clean energy around the world,” Lu Wei said, talking up Shunfeng’s experience in developing PV power plants, energy storage and in O&M.

Wei said that as well as nuclear, his own company had been involved in overseas projects in clean energy, in managing assets, mergers and acquisitions as well as development and construction.

In September 2014, parent company China General Nuclear Power Group raised US$227 million in an IPO on the Hong Kong Stock Exchange for renewables, exceeding an expected US$197 million. That amount was raised for another subsidiary, Meiya Power.

Opportunities for utility-scale are much less apparent in Europe than they had been in the past few years, although they do exist. Germany is holding auctions to tender 1.2GW of large-scale solar between now and 2017, while Turkey’s utility-scale market is starting to gather interest, with fellow vertically integrated Chinese PV manufacturer Yingli Green recently completing its first project there.

Read Next

August 19, 2022
Chinese module manufacturer Astronergy is designing a solar PV, battery storage and building integrated photovoltaics (BIPV) micro-grid system for the Haining Zhengtai Industrial Park.
August 19, 2022
TCL Zhonghuan has announced a US$200 million investment into Maxeon Solar Technologies that will allow the company to access Maxeon’s IBC solar cell platform, while using Maxeon's position as a global player to set up shop in international markets.
PV Tech Premium
August 18, 2022
The average price of silicon materials in China continued to rise this week after power rationing was implemented in key Chinese provinces following extreme heat in much of the country
August 18, 2022
Solar Module Super League member Yingli Solar has started construction on a new 5GW N-Type TOPCon cell facility in northern China.
August 10, 2022
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.
PV Tech Premium
August 8, 2022
The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event