Canadian Solar has signed an agreement with Global Investment Holdings (GIH) to develop and operate a pipeline of solar power projects in Europe, the Middle East and Africa (EMEA).
Under the terms of the agreement, Canadian Solar will provide engineering, procurement and construction (EPC) and operations and maintenance (O&M) services to the projects with total capacity of up to 300 MWp.
GIH’s wholly-owned subsidiary Global Energy CEO Atay Arpaciogullari said: “Global Investment Holdings is active in renewable energy and energy efficiency investments; currently we have a combined capacity of 75.5MW.
“Our envisaged cooperation with Canadian Solar is a planned step taken towards increasing our clean energy investments up to 300-400MW in the next three years.”
Canadian Solar chairman and CEO Dr Shawn Qu said: “We are delighted to partner with Global Investment Holdings and further expand our presence in EMEA.
“This partnership underscores our global leading position to develop and operate solar projects across the globe. We will continue to leverage our expertise to accelerate the adoption of clean and affordable solar energy all over the world.”
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By GlobalDataGIH has investments in ports infrastructure, energy and non-banking financial services.
Canadian Solar was founded in 2001 and manufactures solar photovoltaic modules. The company also provides solar energy solutions and has a geographically diversified pipeline of utility-scale power projects that are in various stages of development.