Sunseap says the partnership is targeting over 200MW in distributed solar assets. It also proposes to build and eventually transfer utility-scale renewable energy assets in Shandong.
Sunseap Group is partnering with Statecloud Energy Co to invest in a RMB300 million ($62.3 million) fund for solar energy projects in Jinan City, Shandong and other provinces.
The five-year investment through a Qualified Foreign Limited Partnership (QFLP) will provide funding to build, own and operate distributed solar assets such as commercial rooftop solar photovoltaic (PV) systems.
