French energy giant Total has formed a 50:50 joint venture with Envision Group to develop solar energy projects in China.
The TEESS JV will offer B2B customers a combination of distributed PV energy systems and digital solar energy solutions running on Envision’s AIoT operating system EnOS.
TEESS chief executive Alex Sun said: “Companies of the industrial and commercial sector account for approximately two thirds of Chinese power consumption.
“More and more industrial and commercial clients are committed to 100% renewable power. Our joint venture is there to help these clients to fulfil this target.
“Our shareholders, Total and Envision, have an unparalleled expertise in renewable energy generation and digital energy solutions worldwide.
“We aim to combine our respective strengths in digitalised and distributed solar energy sector, to become the number one choice of industrial and commercial companies in China to support and enable their renewable power transition.”
Total senior vice-president renewables Julien Pouget said: “Total is delighted to partner with Envision to enter Chinese booming distributed solar energy market.
“As a historic player of the solar sector, we are keen on growing our footprint in low carbon electricity in China and enable local industries to reduce their carbon footprint.”