Uper wins strategic investment from international new energy giant ENGIE, accelerating deployment in global market

At the Global Ningbo Community and Development Partnership Conference on November 16, Uper New Energy Project was successfully contracted to settle in Ningbo’s Zhenhai District. Uper has teamed up with the French Fortune Global 500 company, ENGIE, as joint investors in the project.

Uper New Energy Project’s domestic investor is Uper Energy Technology (Ningbo) Co., Ltd. , a leading third-party PV power station O&M service provider in China that was also among one of the domestically-funded projects of “Reinvest in Zhejiang” program, brought to Zhenhai at the end of 2016. As a model enterprise in the new energy , Uper has obtained the support from governments at both municipal and district levels.

As part of the Project, ENGIE directly invested in Uper by means of capital increase and shareholding. According to Luo Qunfang, CEO of Uper Energy, the company has established seven regional operations management centers in China, as well as several overseas technology centers in Germany and other countries, to provide 24/7 PV station management and O&M services for customers around the world. Uper has to-date offered O&M services to PV stations with a combined installed capacity of nearly 2GW. At the same time, it is also actively exploring overseas O&M services in India, Japan, Thailand, Holland, Australia, etc., with total service volume expected to exceed 15GW in the next three years.

The Uper New Energy Project is the second project in which ENGIE has invested in Zhenhai District, following its cooperation with Unisun. Its next step is launching a new energy investment project with total investment of RMB 1.2 billion. ENGIE is a global leader among multinational energy companies, ranking No. 93 among Fortune Global 500 companies, boasting extensive resources, experience and expertise in renewable energy, low carbon power generation, natural gas supply and technological innovation.

Luo Qunfang said that the investment by ENGIE, which demonstrates its approval of Uper Energy’s comprehensive capabilities in terms of PV station O&M experience, team and cutting-edge technology, will contribute to the company’s capital, scale, professionalism and many other aspects besides.

The CEO also revealed that with the increase of business volume， Uper  will also establish a large-scale monitoring center, storage center, training center and financial center in Zhenhai District, Ningbo, providing strong support for regional industrial transformation & upgrading and high-quality economic and social development.