GoldenPeaks Capital Holding, a leading independent power producer in Eastern Europe, and China National Building Material Group Corporation (CNBM), a Fortune Global 500 company, have announced plans to enhance their strategic partnership, targeting a yearly project pipeline of 1GW. This expansion includes new markets such as Germany, Italy, and Greece, complementing their existing projects. During a high-level meeting at the Westin Grand Munich, both companies, building on five years of successful collaboration, committed to developing 1GW of solar projects annually across Europe, with CNBM serving as the Engineering, Procurement, and Construction (EPC) contractor.
As one of the fastest-growing independent power producers in Eastern Europe and one of the largest photovoltaic system owners in Poland and Hungary, GoldenPeaks Capital aims to expand its capacity into Western Europe, particularly in Germany, Italy, and Greece.
Adriano Agosti, Founder and President of GoldenPeaks Capital, expressed enthusiasm about entering additional Western European markets. He noted, “In Germany, we are exploring several projects, especially in Bavaria, which has long sun hours and relevant industry leaders. With the close collaboration of CNBM and Triumph, we are confident in our goal to develop 1GW of new projects annually. Our combined expertise will unlock exceptional opportunities in the European market and beyond.
Mr. Yuxian Zhou, Chairman of CNBM, stated, “We are proud of our joint successes over the past five years and look forward to accelerating our growth together. This partnership underscores our shared vision of advancing clean energy on a global scale.”
Annual Project Expansion of 1GW
During their Munich meeting, CNBM and GPC’s leadership teams reaffirmed their commitment to advancing their partnership. With more than 1GW of new projects in the development pipeline, GPC aims to make significant strides in Europe’s renewable energy market with Triumph as its EPC partner. By combining Triumph’s domestic expertise with GPC’s extensive knowledge in project development, procurement, and financial structuring, this collaboration is set to achieve new milestones in the coming years. Notably, 1GW is already scheduled for construction in 2025, with an additional 2.5GW under development for 2026/2027.
A Proven Partnership
The collaboration between CNBM, through its subsidiary Triumph Science & Technology Group, and GPC has seen significant success since its inception five years ago. GPC has developed projects that merge Triumph’s expertise in innovative materials and clean energy technology with GPC’s proven track record in solar energy development. By leveraging their respective strengths, GPC has been able to scale renewable energy projects across Europe effectively.
GPC currently operates 800 MW of renewable energy projects, with an additional 1.4 GW pipeline either under construction or ready for development. Triumph plays a crucial role as the leading EPC contractor, providing essential research, engineering services, and manufacturing capabilities to ensure a robust supply chain for these large-scale renewable energy initiatives.
Daniel Tain, Co-Founder of GoldenPeaks Capital, remarked, “Our strengthened partnership with CNBM and Triumph marks a significant milestone in the renewable energy landscape. This commitment solidifies our shared ambition to advance large-scale solar projects. With the expertise and dedication of both parties, I am confident we will not only achieve our 1GW annual target but also contribute significantly to the transition to a cleaner energy future.
