Unisun Energy Group, a Chinese renewable energy solutions provider headquartered in Ningbo's Zhenhai district, announced a joint venture with French energy giant Engie in Shanghai on April 18.

Unisun Energy Group establishes a joint venture with French energy giant Engie in Shanghai on April 18. [Photo provided to chinadaily.com.cn]

As part of the joint venture process, Engie will acquire a portion of Unisun's equity and will participate in the daily operations of Unisun.

Both Unisun and Engie will apply their respective strengths to the further development of Unisun in the Chinese energy market.

Charlotte Roule, Engie China's COO, said the French company had chosen to invest in Unisun over other solar photovoltaic companies in China due to its comprehensive service capabilities.

"Engie is convinced of the large developmental potential and opportunities in the Chinese market. Engie has high expectations with respect to the cooperation with Unisun, given Unisun’s rich project development experience, its elite team of professionals and its cutting edge technologies, all of which combined has endowed Unisun with unique and comprehensive advantages," said Roule.