April 12 (Renewables Now) - Singapore-based solar power firm Sunseap Group has agreed to establish a Chinese clean energy investment fund in partnership with local private equity firm Guohe Capital and renewables developer Starkle Energy.
Through the so-called Guohe Starkle Energy Fund, the three partners will invest in and manage clean energy projects in China with a focus on solar power. The fund will be looking for opportunities in the transport, information and communications and biomedicine sectors as well as in the heavy industries.
The private equity firm will be in charge of arranging funds, while the two renewable energy firms will consult on the targeted projects and participate in managing, operating and maintaining solar photovoltaic (PV) systems.
At the end of 2018, Sunseap had invested in about 1,800 MW of distributed solar power generation, the announcement says.