Shunfeng Photovoltaic International Limited and Greenfield Solar International GmbH & Co. KG have entered into a strategic alliance with youmex to finance and sell their solar farm projects pipeline in Great Britain using Suntech as its exclusive PV panel supplier for projects.
Eric Luo, CEO of Suntech who is also responsible for Shunfeng Photovoltaics International Holding's acquisition strategy, said: "through our partnership, Suntech and Shunfeng will be able to look at other acquisitions in the market as part of our strategy to become the largest integrated clean energy supplier globally."
In the alliance, Greenfield will provide EPC services, while youmex will arrange construction loans and long-term project financing as well as selling the PV Solar Power Plants to investors.
"With its fully integrated transaction management of these three tasks, youmex speeds up and assures the whole process of financing and sales for one of the largest PV pipelines in UK," explains Kai Hartmann, Head of Corporate & Structured Finance at youmex group.
"Together with the expertise of Suntech and youmex, our alliance is well-positioned to solidify a strong presence within the UK's Solar PV market," echoed Helmut Kube, Managing Director of Greenfield.
"We have great confidence in the quality and sustainability of our products for these projects," said Luo.