GoldenPeaks Capital has joined hands with China’s CNBM to develop PV projects in Europe
The duo will work on adding 1 GW solar PV capacity annually across the continent
CNBM is part of the partnership through its subsidiary Triumph Science & Technology Group
Poland-based independent power producer (IPP) GoldenPeaks Capital Holding Ltd (GPC) has announced plans to develop 1 GW of solar energy projects across Europe on an annual basis, for which it has roped in China National Building Material Group Corporation (CNBM) as the EPC contractor.
CNBM is part of this collaboration through its subsidiary Triumph Science & Technology Group. GPC and Triumph have previously collaborated on a number of clean energy projects.
While all of Europe is on their agenda, they plan to specifically work in markets such as Germany, Italy and Greece to expand their capacity. GPC calls itself one of the largest PV system owners in Poland and Hungary.
“We are thrilled to focus on additional markets in Western Europe. In Germany we will look into several projects, but especially Bavaria, with its long sun-hours and relevant industry leaders, has high potential,” said the Founder and President of GoldenPeaks Capital, Adriano Agosti. “By closely collaborating with CNBM and Triumph, we are confident to meet the goal of developing 1GW of new projects on a yearly basis. Our combined expertise will allow us to unlock exceptional opportunities in the European market and beyond.”
GPC counts its current operational renewable energy capacity as 800 MW. An additional 1.4 GW is under construction or ready for development. In partnership with Triumph, GPC said 1 GW is already going into construction in 2025, and a further 2.5 GW capacity is under development for 2026/2027.