Brookfield, GLP launch rooftop solar power JV in China
Brookfield Asset Management and GLP, an Asian provider of logistics solutions, have formed a 50:50 joint venture to develop solar projects on logistics and commercial rooftops in China. The initiative intends to install 300 megawatts of rooftop solar projects over the next three years, with a broader 1 gigawatt development pipeline, equivalent to the annual power consumption of about 750,000 households. Bruce Flatt, CEO of Brookfield, said the partnership represents an "attractive opportunity" for the Toronto-based alternative asset manager to expand its footprint in China’s growing renewables market.
21 March 2018•4 mins read
