GoldenPeaks Capital Holding Ltd (GPC), an independent power producer in Eastern Europe, announced an expanded partnership with China National Building Material Group Corporation (CNBM), a Fortune Global 500 company.
Following five years of collaboration, the companies have committed to building one gigawatt (GW) of solar projects around Europe every year, with CNBM serving as the engineering, procurement, and construction (EPC) support provider.
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Adriano Agosti, Founder and President of GoldenPeaks Capital, said, “We are thrilled to focus on additional markets in Western Europe. In Germany we will look into several projects, but especially Bavaria, with its long sun-hours and relevant industry leaders, has high potential.”Â
He added, “By closely collaborating with CNBM and Triumph, we are confident to meet the goal of developing 1GW of new projects on a yearly basis. Our combined expertise will allow us to unlock exceptional opportunities in the European market and beyond.”
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During a meeting at the Westin Grand Munich, the leadership of both companies reaffirmed their commitment to expanding solar energy capacity across Europe, building on their five years of collaborative success in advancing clean energy in Eastern Europe.
With over 1GW of new solar projects already in the pipeline, the companies plan to commence construction in 2025, and by 2026 and 2027, they aim to develop an additional 2.5GW of projects.
The alliance seeks to increase the number of renewable energy projects in Europe by combining GPC’s experience in solar energy development with Triumph’s knowledge of cutting-edge materials and clean energy technologies.
GPC operates 800 MW of renewable energy projects, with an additional 1.4 GW under construction.