Pacific Green Technologies, Inc.’s wholly owned subsidiary, Pacific Green Technologies (Shanghai) Co. Limited has signed a framework agreement with SINOPEC Star Co., Ltd., a subsidiary of SINOPEC, an oil refining, gas and petrochemical conglomerate headquartered in Beijing to provide design, development engineering and consulting services.
The agreement provides for Pacific Green to work alongside SINOPEC Star on a portfolio of onshore and offshore wind power, solar photovoltaic and comprehensive energy utilization projects, as SINOPEC seeks to expand its renewable energy portfolio. The agreement is effective until December 1, 2022.
Scott Poulter, Pacific Green’s Chief Executive Officer said, “The framework agreement covers a portfolio of exciting projects and it is a great honour to have been engaged to work alongside SINOPEC Star’s excellent team. Pacific Green’s technologies, particularly in the solar power, desalination and battery energy storage system (BESS) sectors, provide the perfect solution to the world’s growing demand for renewables and the increasing involvement of the oil majors in renewable and sustainable energy.”