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Suntech and Greenfield form solar strategic alliance with youmex group

Alliance aims to capitalise on the growth of the UK's solar market.

Shunfeng Photovoltaic International Limited and Greenfield Solar International GmbH & Co. KG have entered into a strategic alliance with youmex, a clean energy financing and investment group based in Germany. Under the terms of the agreement, youmex will finance and sell the partners’ solar farm projects pipeline in Great Britain, using Suntech as its exclusive PV panel supplier for projects. The deal also calls for youmex to arrange construction loans and long-term project financing, as well as sell the PV solar power plants to investors. Greenfield Solar International will provide EPC services.

"We are excited to complement our partnership with Greenfield with youmex's financial services to our customers,” said Eric Luo, CEO of Suntech. “We believe that this alliance will serve as another catalyst for growth in the UK's solar market.”  

Luo, who is also responsible for Shunfeng Photovoltaics International Holding's acquisition strategy, added that Suntech and Shunfeng will be able to look at other acquisitions in the market as part of the company’s strategy to become the largest integrated clean energy supplier globally.

Kai Hartmann, head of corporate & structured finance at youmex group, said the alliance unites the core competencies, experiences and strengths of these three complementary partners. “With its fully integrated transaction management of these three tasks, youmex speeds up and assures the whole process of financing and sales for one of the largest PV pipelines in UK," Hartmann said.

Among its many products for utility-scale projects, Suntech produces 60 Cell polycrystalline modules which it says are ideal for weak light performance markets such as the UK.

  1. Suntech’S 60 Cell polycrystalline modules are manufactured with advanced cell technology material, making them highly resistant to potential induced degradation (PID), thus allowing for high performance under extreme conditions for many years.

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Energy infrastructure  •  Photovoltaics (PV)