Significant dry powder to accelerate China renewable energy investment across solar, wind and energy storage infrastructure and related energy management solutions. Renewable energy is a secular trend supported by global efforts to combat climate change.
GLP Capital Partners (“GCP”) has established its first commingled clean energy strategy in China, raising approximately RMB 4 billion in total capital commitments from domestic institutions including National Green Development Fund and feeder funds affiliated with CH Energy Investment Group, one of China’s largest electricity providers and a prominent state-owned enterprise in the energy sector. The overall investment of the fund is expected to reach approximately RMB 20 billion.
The capital raised provides dry powder for renewable energy investments across wind, solar, energy storage infrastructure and related energy management solutions and the fund will target both greenfield projects and acquisitions in these sectors. LP will be managing the investment, development and operations of the renewable assets through dedicated teams in China, creating economic, social and environmental value for investors, partners, customers and the broader communities.
You can now read the full press release at the link below