PM Announces £400m Solar Agreement with MAP Environmental and ZN Shine Solar
- Published: Thursday, 19 June 2014 07:59
Companies from all over the UK signed momentous deals securing long term trade between the UK and China, included a joint project between MAP Environmental Limited and ZN Shine Solar, one of the World’s leading suppliers of Solar Photovoltaic Panels.
As the UK moves to secure its commitment to reduce carbon emission by 80% by the year 2050, the MAP Environmental deal marks a significant step towards achieving this goal. Yesterday Paul Wheeler, CEO of MAP Environmental, the only green energy supplier present at the signing ceremony, proudly signed the £400m deal with Chinese organisation ZN Shine Solar, in the presence of UK Prime Minister, David Cameron and Chinese Premier, Li Keqiang.
MAP Environmental, a British organisation, and China’s ZN Shine Solar, are to invest £400 million in solar powered projects, as reported in The Times this morning as the UK wakes up to this momentous deal. The deal struck between the two businesses, which has been approved by the UK Government, is to construct British solar plants in the UK, creating up to 50 new UK jobs in design, administration and operation roles, with a further 500 new UK jobs in construction and maintenance.
Paul Wheeler, CEO of MAP Environmental, commented ‘The MAP Group has come a long way in the last few years, in particular MAP Environmental. We have an amazing team in place here at MAP and I am so proud of what we have achieved so far. With huge support from our Chinese partner we have created a truly amazing Joint Venture that will help us to help the UK achieve its carbon commitments. This new fund is set to provide solar to social housing, commercial roof top and ground mounted projects across the UK and we are proud as a business that we are able to offer new opportunities to the British people through employment and clean energy. We have other exciting announcements that are due to come out later this year with a separate fund that we will be launching based around LED technology and Waste to Energy.’
The deal, later tweeted by David Cameron who congratulated MAP Environmental and ZN Shine, is the largest of its kind in the UK, affirming the commitment of the UK to reduce its carbon footprint.