Partners Target 1 GW of Rooftop Solar in China
David Wagman | March 22, 2018
Logistics and industrial facilities firm GLP and Brookfield Asset Management are forming a 50:50 joint venture to install 300 megawatts of rooftop solar projects in China over the next three years.
The partners say that they have a 1 gigawatt development pipeline, which they said equals the annual power consumption of around 750,000 households.
GLP brings to the partnership around 33 million square meters of logistics facilities in China. The partners expect to pursue development opportunities on third party-owned rooftops and may expand into other areas of co-operation in the future.
GLP is a leader in building logistics facilities globally. In Japan, GLP is one of the largest solar power providers from rooftop panels on logistics facilities.
Brookfield's portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia and totals more than 16,000 megawatts of installed capacity.
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