UNISUN’s activities include the development, the engineering-procurement- construction (EPC), the financing as well as the operation & maintenance of PV power plants. Headquartered in Ningbo City, near Shanghai, the company has operations in more than 20 cities in China as well as subsidiaries in Japan, the Philippines, Germany and the Netherlands. Since its creation in 2014, UNISUN has successfully developed around 500 MW PV projects, showing its strong project development and technical capacity.

ENGIE’s participation in UNISUN will result into the creation of a joint venture (JV) targeting the development of around 4 GW PV projects (cumulated capacity) by 2020 in China.

Charlotte Roule declared, “This investment into UNISUN, which develops production projects for the wholesale electricity market as well as projects for BtoB clients, represents for ENGIE the opportunity to step in the world biggest and most promising renewable power market. It demonstrates once again the ambition of ENGIE to be leader of the energy transition in the world”.

As part of China’s pledge to increase the share of non-fossil energy from 13% to 20% by 2030, the National Energy Administration announced last January that it intends to spend more than US$ 360 billion through 2020 on renewable power, such as solar and wind.