Win-win cooperation | Qingtian Technology and Guangdong Minsheng Investment Group reach strategic cooperation intention
In July 2020, Zhejiang Qingtian Solar Energy Technology Co., Ltd. and Guangdong Private Investment Co., Ltd. reached a strategic cooperation agreement on residential distributed photovoltaic (PV) projects. As a major shareholder of Qingtian Technology, Guangdong Private Investment stated that it will focus its future development in the residential distributed PV sector. Both parties expressed that through in-depth cooperation, they will fully leverage Qingtian Technology's professional advantages and Guangdong Private Investment's financial investment advantages in the residential distributed PV field to achieve mutual benefit and win-win results.
Guangdong Minsheng Investment
Guangdong Private Investment Co., Ltd. is the first comprehensive investment platform jointly established by private enterprises in Guangdong Province. Its founding shareholders include 16 leading private enterprises in China, such as Xianfeng Holdings, Huamei Group, Midea Holdings, Xinghewan, and Country Garden. With a registered capital of 50 billion yuan, it is the largest local private investment platform in China in terms of capital scale.
The development of residential photovoltaic (PV) systems has brought renewable energy to thousands of households, and residential distributed PV projects have significant social value. They not only raise public awareness of energy conservation and emission reduction but also support PV-based poverty alleviation projects, achieving targeted poverty alleviation and providing residents with continuous and stable income. Taking the development and construction of a 1GW residential PV project as an example, it can generate 1.45 billion kWh of clean electricity annually, equivalent to planting 3,946,221 trees, reducing carbon dioxide emissions by 1,445,663 tons. Simultaneously, the 1GW project is expected to benefit more than 50,000 households, with annual rental subsidies reaching 50 million yuan. With the power station operating stably for over 20 years, residents will benefit over 1 billion yuan, strongly supporting poverty alleviation projects and comprehensively benefiting the people.
Based on the social significance and market value of residential distributed photovoltaic (PV) projects, both parties quickly reached this strategic cooperation agreement. They expressed their intention to comprehensively promote the residential PV business through resource integration and complementary advantages, rapidly capture the market, and establish a leading position in the distributed PV industry. Their vision is to become the best distributed PV service provider in China, serving millions of residential PV households and 20,000 businesses.
