Under the agreement, Premier Power will perform engineering, procurement and construction services using panels provided by Sunperfect Solar, and its proprietary Energy Yield Optimization service.
Premier Power CEO Dean Marks said the company’s expertise in the US and Europe allows it to pursue the strategy of providing assets and construction services to respected Chinese asset investment funds like Shanghai Chaori.
"Organizations throughout China have demonstrated an eagerness to invest in energy infrastructure in both of these key markets. We are confident this agreement is the first of more to come," said Marks.
Chaori US CEO Willy Chow said with the US prioritizing alternative energy, the company focused on expanding its presence in the important market through strategic investments.
"Our decision to own energy infrastructure assets in the form of utility-scale solar power plants is based on our commitment to a U.S. market driven by both productivity and effectiveness," said Chow.
Construction work is scheduled to commence in the first quarter of 2012.
Chaori Solar USA is an investment-focused subsidiary of Shanghai Chaori Solar Energy Science & Technology Co.
