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Sunseap partners China’s Statecloud Energy for RMB300 mil solar fund

Atiqah Mokhtar
Atiqah Mokhtar6/28/2021 11:17 AM GMT+08  • 2 min read
Sunseap partners China’s Statecloud Energy for RMB300 mil solar fund
The five-year partnership will provide funding to build, own and operate solar assets in Shandong.
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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.

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.

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