Industrial and power infrastructure corporations CNPLUS signed a memorandum of understanding (MOU) with global renewable energy investment and development corporations Equalenergie for cooperation in new and renewable energy businesses, moving to strengthen its renewable energy operations.
CNPLUS said on the 19th that it agreed with Equalenergie to cooperate across all new and renewable energy sectors, including wind, solar, and energy storage systems (ESS). Through this agreement, the two sides plan to establish a cooperation framework across the business, including joint development of domestic and overseas renewable energy projects; EPC (engineering, procurement, and construction); O&M (operations and maintenance); project financing (PF); and investment cooperation.
Founded in 2003, CNPLUS is a KOSDAQ-listed company that grew on the IT connector business. Recently, it has been accelerating business diversification by fostering wind and solar as core future growth engines. In particular, it is expanding its renewable energy portfolio by participating in domestic offshore wind projects and promoting onshore wind development, and is seeking to leap forward as a comprehensive renewable energy company centered on wind and linked with solar and ESS.
Equalenergie is a global company that conducts renewable energy development and investment in parallel, focusing on photovoltaic (PV) and battery energy storage systems (BESS). It is operating in Korea, Germany, Singapore, Malaysia, and elsewhere, and currently has a solar project pipeline of about 855 MW. It has also built a business model that integrates project development with investment and financing, with a goal to expand to 5 GW each in the Asia-Pacific and Europe by 2030.
Through this agreement, the two companies plan to actively cooperate on: ▲ joint development of wind and solar power projects ▲ promotion of ESS-coupled projects ▲ cooperation on investment and financing for domestic and overseas projects ▲ expansion of renewable energy operations and maintenance (O&M) businesses ▲ identification of business opportunities related to carbon neutrality and RE100.
A CNPLUS official said, "If CNPLUS's business development and financing capabilities are combined with Equalenergie's global investment and development expertise, we will be able to build a cooperation model that covers joint development, long-term operation, and project investment," adding, "We will enhance competitiveness in domestic and overseas renewable energy markets and continue to expand our business portfolio."