SFCE Signs Strategic Cooperation Agreement with CGN European Energy

Parties will closely cooperate across various fields of clean energy

Nov 22, 2015, 20:30 ET from Shunfeng International Clean Energy Limited

PARIS, Nov. 22, 2015 /PRNewswire/ -- Just a week ahead of the 2015 UN Climate Change Conference (COP 21), Shunfeng International Clean Energy Limited ("SFCE" or the "company", HK stock code: 1165) today announced the signing of a strategic cooperation agreement in Paris with CGN European Energy, a subsidiary of the China General Nuclear Power Group. Both parties, eager to deliver solutions to counter global carbon emissions, pledge to cooperate closely on clean energy, including PV, energy storage, energy management, low-carbon energy saving solutions and hi-tech, and enhancing a win-win and sustainable strategic partnership.

"I am delighted to announce the strategic cooperative partnership with CGN European Energy," said Eric Luo, SFCE Executive Director and CEO. "Through strategic acquisitions and integration, SFCE is driving a business transition towards energy as a service, including clean energy production, as well as energy storage and management. SFCE is committed to become the largest provider of integrated clean energy solutions, with best in class technology in PV manufacturing, PV power generation, EPC and O&M, as well as low-carbon energy saving solutions, that delivers energy and cost savings solutions to our customers and makes clean energy affordable and accessible. China General Nuclear Power Group is an instrumental player in the energy industry, supervised by China's State-owned Assets Supervision and Administration Commission. The strategic partnership will enhance the advantages possessed by both parties in the clean energy sector, allowing complementary efforts and achieving a win-win, exploration and promotion of clean energy technology and applications."

"Against the backdrop of changes in the global energy landscape, China General Nuclear is fully implementing the national strategy of 'Go Global'," says Lu Wei, CGN European Energy CEO. "Besides nuclear energy, we are actively involved overseas in clean energy, including mergers and acquisitions, development and construction, as well as O&M and asset management in renewable energy projects, including wind power and solar energy. SFCE has advanced technologies and a rich experience in the clean energy sector, especially in PV power projects development and construction, energy storage, O&M services as well as low-carbon energy saving comprehensive solutions for customers. The cooperation is mutually beneficial, fully leveraging our capital, as well as our market and technology advantages in the clean energy sector. It is aimed at promoting large-scale clean energy applications in regions such as Europe, and facilitates the rapid development of clean energy around the world."

About SFCE 

Shunfeng International Clean Energy Limited (SFCE) is committed to becoming the largest low-carbon, integrated, clean energy generation provider globally. Through strategic acquisitions and integration, SFCE owns a number of well-known product and technology brands in the industry. SFCE fosters a continuous improvement in energy generation including in solar, sea water power and ground source heat pumps, combined with energy management and storage capabilities. SFCE aims to provide clean energy solutions to large scale public facilities and commercial users such as business facilities, office buildings, schools, hospitals sports stadiums and households. SFCE's energy solutions can achieve energy cost reductions of 50% - 70%, creating energy generation choices for its customers to reduce both carbon emissions and energy costs. To learn more about the company, please visit www.sfcegroup.com/en/.

SOURCE Shunfeng International Clean Energy Limited