- Press Releases
September 22 (Renewables Now) - Shanghai-based Aden Group and two units of Eren Groupe today announced a joint venture that will offer renewable energy and consumption optimisation solutions to the commercial, industrial and government sectors in China.
The joint company, Tera Energies, will take advantage of the network integrated facility management (IFM) company Aden has built in China -- spanning 80 Chinese cities and 1,500 partners, Total Eren’s expertise across wind, solar photovoltaic (PV) and hybrid projects, and Eren Industries’ smart technology solutions.
Tera’s focus will be on the clean-energy and smart-city sectors. The joint venture will help its clients in China optimise energy use and reduce emissions. It will work to digitalise, decentralise and decarbonise their energy supply.
“The energy transition market in China alone is a trillion-dollar opportunity requiring the highest level of technical and operational expertise with deep local knowledge. Tera offers precisely this, and we could not be more excited to help drive clean energy transitions in Asia,” said Joachim Poylo, co-founder and President of Aden.