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China Triumph International Engineering Co., Ltd. Affiliated with CNBM Won the Contract of Highest Single Power Plant In Europe and Signed Energy Green Town EPC Cooperation Agreement

2016-11-24

On November 22, China Triumph International Engineering Co., Ltd. Affiliated with CNBM signed the total contract of Portuguese Solara4 Vaqueiros 221 MW large-scale photovoltaic ground power plant EPC in the UK, and the total contract amount reached 200 million euros; and also signed strategic cooperation agreement for developing and constructing small energy green housing town in the UK.

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Portugal Solara4 Vaqueiros 221 MW PV plant project is China Triumph International Engineering Co., Ltd. 's  first large-scale photovoltaic power plant project in Portugal, which will be the photovoltaic power plant with largest installed capacity in Europe. Before signing, Peng Shou, Chairman of China Triumph International Engineering Co., Ltd., developer and owner company of Portuguese power plant project conducted in-depth friendly talks. Peng Shou said that the recent economic recovery in Europe led the recovery of PV market. In addition, Portuguese is rich in light resources, and photovoltaic industry will have huge market space in the future. Project owners and developers expressed great hope to cooperate with China Triumph International Engineering Co., Ltd in the Portuguese PV market, establish comprehensive strategic cooperative relationship with China Triumph International Engineering Co., Ltd through the first photovoltaic power plant project and look forward to cooperate with China Triumph International Engineering Co., Ltd and expand the cooperation scale of Portugal PV project to 1GW or more in the next 2-3 years.

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In recent years, China Triumph International Engineering Co., Ltd. have been actively developing and operating overseas PV EPC general contracting market. Over the past two years, China Triumph International Engineering Co., Ltd. have completed more than 200 megawatts of large-scale photovoltaic ground power plant projects in the UK, and won the contracts of first and second largest photovoltaic power plant's general contract construction, which were completed on schedule and generated power, received British government subsidies and investment from top international PV investors, and long-term financing for large institutions. China Triumph International Engineering Co., Ltd also won the operation and maintenance contracts of these PV power plant projects. The signature of Portugal PV power plant EPC contract marked that China Triumph International Engineering Co., Ltd. had became Europe's largest Chinese-owned photovoltaic EPC general contractor.

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During his stay in the UK, Peng Shou also visited YHG Housing Group's headquarters in Warrington, UK, met with Mark Tattersall, Chairman of YHG Group, CEO Brian Cronin and Stephen Haigh, General Manager of Board of Director and other leaders, and signed strategic cooperation agreement of developing and building small green energy town with YHG Group, WElink Group and BHS company. According to the agreement, 5,000 or more sets of energy green housing will be built in United Kingdom each year in the future, and all these housings will adopt energy green housing technology from China Triumph International Engineering Co., Ltd. The first batch of projects is located in Chinatown, Liverpool, UK, is designed to plan and construct 1,000 residential apartments and provide supporting hotels, commercial and recreational facilities. The project is scheduled to start in the first quarter of next year. China Triumph International Engineering Co., Ltd. will be the general contractor of EPC.

YHG Group, one of the largest residential housing companies invested by the UK government, is committed to the development, construction, leasing and management of residential housing.

Relevant leaders of relevant department of China Triumph International Engineering Co., Ltd. and relevant leaders of WElink Energy Group, company's strategic partner in Europe, attended above activities.

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