May 8 (Bloomberg) -- Shunfeng Photovoltaic International Ltd., a Hong Kong-based solar company, plans to develop its first European solar parks in Britain with German installer Greenfield Solar International GmbH & Co.
The companies will look for opportunities to develop as much as 400 megawatts in projects this year and another 500 megawatts next year, Shunfeng said in a statement today. Each plant will have 10 to 40 megawatts in capacity, it said.
Shunfeng is pushing to become a global clean-energy major with a spate of deals including its $480 million acquisition of Wuxi Suntech Power Co., once the largest panel maker, in April and parts of Sunways AG on May 2. Wuxi will be the exclusive panel supplier for the U.K. projects and Sunways will provide the inverters, according to the Chinese company.
“This partnership highlights Shunfeng’s strategy to become the largest integrated clean-energy supplier globally -- integrated not only in terms of manufacturing but also in terms of developing and owning clean-energy producing assets,” Chairman Zhang Yi said in the statement.
The company aims to take advantage of Britain’s fast-growing solar market, which has become Europe’s largest for large-scale plants thanks to stable government support. Plants with about 4 gigawatts already operate in the country.
Shunfeng completed solar projects with a combined 890 megawatts in China last year, while Greenfield has installed more than 650 megawatts to date across Europe.
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