Logistics firm GLP and Brookfield Asset Management have formed a 50-50 joint venture to build a platform for distributed solar energy on logistics and commercial rooftops in China.
The joint venture, by affiliates of GLP and Brookfield, intends to install 300 megawatts of rooftop solar projects during the next three years, with a broader 1-gigawatt development pipeline, which is equivalent to the annual power consumption of approximately 750,000 households.
The partners expect to pursue development opportunities on third-party-owned rooftops in the country and may expand into other areas of cooperation in the future.
