GLP-Brookfield Renewable Venture Acquires 40.6MW Solar Portfolio
One of the largest single distributed projects in central China
Pufeng New Energy, a GLP-Brookfield venture, has acquired a 40.6 megawatt (MW) solar portfolio in Ezhou City, Hubei Province. This transaction significantly strengthens the position of Pufeng New Energy as one of the leading distributed generation platforms in China.
The acquisition project, which has been operational for more than two years, covers a 35MW grid-connected distributed photovoltaic (PV) platform and 5.6MW for self-consumption, spread across the rooftops of 29 warehouses owned by Vipshop, one of China's leading e-commerce companies. It is one of the largest single distributed projects in central China and generates approximately 41,298,700 kilowatt-hours (Kwh) of electricity per year, reducing carbon dioxide (CO2) emissions by 33,787 tons.
GLP is committed to a broad range of environmental, social and corporate governance (ESG) commitments that elevate our business, create value and deliver better outcomes for our customers and communities. This investment represents the continuation of our renewables strategy and furthers our goal of helping our partners and customers achieve their decarbonization objectives.
Pufeng New Energy invests in rooftop solar projects and undertakes the design, construction, and long-term system maintenance. The venture has invested in and built solar projects on more than 50 logistics and industrial rooftops in China.