Offering affordable and sustainable solar energy through the use of power purchase agreements (PPA).
New York, Beijing - September x, 2015 - UGE International Ltd. (TSX-V:UG) (OTCQB: UGEIF), a global leader in distributed renewable energy solutions, JLL, a leading global professional real estate services firm and Blue Sky Energy Efficiency, a specialist financier of energy management projects, have signed an agreement to market and install solar panels on rooftops across China.
The three companies will offer affordable and sustainable solar energy through the use of power purchase agreements (PPA), which could help cut energy costs for commercial and industrial clients by as much as 20 percent.
"Growth of this model, which includes opportunities for zero-cost solar installation and reliable power, is gaining momentum in China," says Matt Clifford, JLL's Head of Energy and Sustainability Services - North Asia. "JLL looks forward to introducing the benefits of this model to its clients, aligning with China's goal to boost the use of solar power."
China is among the fastest-growing markets for solar power worldwide, with nearly 30 gigawatts (GW) of capacity installed last year, and the country's National Energy Administration recently announcing a target of adding 17.8 GW in 2015.
UGE is a global developer of commercial and industrial renewable energy projects, with installations in over 100 countries. To date UGE has worked with The Redwood Group, BMW, Bayer and GE in China, with several additional projects in development.
"Commercial clients in China want to use solar both to save money and to reduce their carbon footprint. We can help them do both," said Rosie Pidcock, Senior Business Development Manager at UGE.
"This partnership with UGE and Blue Sky serves to extend our position as a leader in the green building industry, and accelerate our global strategy in the renewable energy segment," says Dan Probst, Chairman, JLL's Energy and Sustainability Services.