SkyPower Enters into Agreement with BYD to Submit Joint Bid for 750 MW of Solar Energy Development in India

SkyPower is pleased to announce it has entered into an agreement with BYD to submit a joint bid in the upcoming tenders for solar power generation capacity and energy storage of up to 750 MW in India.

The agreement was signed during the opening ceremony of the China-Canada Economic and Trade Cooperation Conference in the presence of Hu Chunhua, Party Secretary of China’s Guangdong Province. The conference, hosted by British Colombia Premier Christy Clarke, was aimed at strengthening the socio-cultural and economic ties between China and Canada.

“SkyPower, an industry leader in the development of large-scale solar energy projects, is excited to work with BYD, a global leader in battery technology, to bring together a highly-competitive bid for low-carbon, clean technology solutions,” said Charles Cohen, SkyPower’s chief commercial officer, commercial strategy and development.

The joint venture will draw upon SkyPower’s vast global experience and its proprietary development platform to develop clean energy solutions in India at truly market-competitive rates, while ensuring the highest quality construction and world-class execution. BYD’s award-winning environmentally-friendly battery storage technology, in concert with SkyPower’s wealth of experience in developing utility-scale solar projects, will enable a significant solar implementation strategy in India.

BYD is headquartered in Guangdong, China’s most populated province, accounting for more than twenty-five percent of China’s foreign trade. “We are thrilled to join forces with like-minded visionary leaders at SkyPower,” stated Stella Li, senior corporate vice president of BYD. “BYD is the global leader in reliable, efficient battery storage and solar technology, and we are committed to providing affordable, sustainable energy solutions that not only help countries recover economically but also help reduce air pollution caused by traditional, dirty fossil fuels.”

The Government of Guangdong continues to invest in clean energy mass transit solutions to help address the environmental objectives of China’s 13th Five-Year Plan.