CHINT New Energy (CHINT) and PVH celebrated a significant milestone with the signing of a Strategy Cooperation Agreement on April 8th in Shanghai. Mr. Martin Liu, Director of Overseas Investment Department of CHINT, and Mr. Carlos López, Chief Revenue Officer of PVH, sealed the agreement, marking the beginning of an enhanced partnership between these two leader organizations. Dr. Lu Chuan, President of CHINT New Energy, and Mr. Iván Higueras, CEO of Gransolar Group, graced the event as witnesses, underscoring their commitment to further collaboration.
The agreement signifies the establishment of a long-term, robust, and multi-dimensional relationship, leveraging the strengths and resources of both entities to capitalize on global market opportunities. PVH will provide solar trackers for CHINT's solar projects, aimed at maximizing energy yield and project revenue over time. In return, CHINT will support PVH with its high-quality solar panels, inverters, Battery Energy Storage Systems (BESS), and High Voltage (HV) transformers for PVH's projects, alongside offering comprehensive Engineering, Procurement, and Construction (EPC) as well as Operation and Maintenance (O&M) services and expertise.
Growth opportunity for renewables globally
Carlos López, CRO of PVH, expressed his enthusiasm about the alliance, stating that "this partnership represents a tremendous opportunity for both PVH and CHINT to leverage each other's strengths and expertise. Together, we can create innovative solutions that drive growth and success in the renewable energy industry."
PVH designs and supplies innovative solar tracking solutions and control systems for the global solar energy market. Each product designed by PVH can be easily installed on any type of terrain and is prepared to withstand high winds and extreme climates, supporting any type of module. Founded in 2011, PVH has supplied more than 29GW to photovoltaic plants operating across five continents. It is currently the world's third largest supplier of solar trackers and structures and has the expertise to properly manage solar projects of any capacity, anywhere.
This mutual cooperation is poised to unlock new opportunities and expand market share for both CHINT and PVH in global markets, including the American and European sectors. The signing of the Strategy Cooperation Agreement represents a significant milestone for both companies, demonstrating CHINT's commitment to comprehensive globalization and reaffirming its position as a trusted brand synonymous with strength and quality.