GLP partners with Brookfield Asset management for developing solar projects in China

GLP, the leading global provider of modern logistics and industrial facilities and technology-led solutions, has entered into a joint venture (JV) with Toronto-based alternative assets manager Brookfield Asset Management to build rooftop solar plants on logistics and commercial rooftops across China. The JV is expected to be the biggest provider of rooftop solar energy in the country. Both the companies have agreed to provide around $2 billion to the venture over the next five years for the roll-out of solar rooftop projects. The JV intends to install 300 MW of rooftop solar projects over the next three years.