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Znshine Solar and MAP Environmental Signed Joint Venture Agreement
Date£º2014/6/24
June 17, 2014 - Companies from all over the UK signed momentous deals securing long term trade between Britain and China. Znshine Solar and MAP Environmental Signed Joint Venture Agreement.
As the UK moves to secure its commitment to reduce carbon emission by 80% by the year 2050, the MAP Environmental deal marks a significant step towards achieving this goal. Yesterday Paul Wheeler, CEO of MAP Environmental, proudly signed the £400m deal with Chinese organisation ZN Shine Solar, in the presence of UK Prime Minister, David Cameron and Chinese Premier, Li Keqiang.
MAP Environmental and China's ZN Shine Solar are to invest £400 million in solar powered projects. The deal struck between the two businesses, which has been approved by the UK Government, is to construct British solar plants in the UK, creating up to 50 new UK jobs in design, administration and operation roles, with a further 500 new UK jobs in construction and maintenance.
Paul Wheeler, CEO of MAP Environmental, commented "The MAP Group has come a long way in the last few years, in particular MAP Environmental. We have an amazing team in place here at MAP and I am so proud of what we have achieved so far. With huge support from our Chinese partner we have created a truly amazing Joint Venture that will help us to help the UK achieve its carbon commitments. This new fund is set to provide solar to social housing, commercial roof top and ground mounted projects across the UK and we are proud as a business that we are able to offer new opportunities to the British people through employment and clean energy. We have other exciting announcements that are due to come out later this year with a separate fund that we will be launching based around LED technology and Waste to Energy."
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