New York, Beijing - JLL, a leading global professional real estate services firm, UGE International Ltd. (TSX-V:UG) (OTCQB: UGEIF), a global leader in distributed renewable energy solutions, and Blue Sky Energy Efficiency, a specialist financier of energy management projects, have signed an agreement to market and install solar panels on rooftops across China.
The three companies will offer affordable and sustainable solar energy through the use of power purchase agreements (PPA), which could help cut energy costs for commercial and industrial clients by as much as 20 percent.
"Growth of this model, which includes opportunities for zero-cost solar installation and reliable power, is gaining momentum in China," says Matthew Clifford, JLL's Head of Energy and Sustainability Services - North Asia. "JLL looks forward to introducing the benefits of this model to its clients, aligning with China's goal to boost the use of solar power."
China is among the fastest-growing markets for solar power worldwide, with nearly 30 gigawatts (GW) of capacity installed last year, and the country's National Energy Administration recently announcing a target of adding 17.8 GW in 2015.
UGE is a global developer of commercial and industrial renewable energy projects, with installations in over 100 countries. To date UGE has worked with The Redwood Group, BMW, Bayer and GE in China, with several additional projects in development.
"Commercial clients in China want to use solar both to save money and to reduce their carbon footprint. We can help them do both," said Rosie Pidcock, Senior Business Development Manager at UGE.
"This partnership with UGE and Blue Sky serves to extend our position as a leader in the green building industry, and accelerate our global strategy in the renewable energy segment," says Dan Probst, Chairman, JLL's Energy and Sustainability Services.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
Contact: Bee Lin Ang
Phone: +65-9770 0459
Email: [email protected]
UGE (TSX-V:UG) (OTCQB: UGEIF) is a leading full service renewable energy provider for commercial and industrial clients, with over 2,000 installations in more than 100 countries. Leveraging project financing and its proprietary technology platform, UGE deploys solar and microgrid energy solutions to reduce energy costs and increase resiliency, while making the world more sustainable.
Contact: Ashley Fallon
Phone: +1 917 338 1668
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for UGE's products and the availability of funding. These forward-looking statements are made as of the date hereof and UGE does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from UGE's expectations and projections.
About Blue Sky Energy Efficiency
Blue Sky Energy Efficiency Co., Ltd. develops and funds infrastructure upgrades to help our clients improve energy management and reduce energy costs at their facilities in the Asia Pacific region. Blue Sky delivers fully funded, off-balance sheet solutions that integrate Energy Efficiency, Distributed Generation and Energy Storage for a mix of clients in a variety of sectors, including commercial, telecommunications/IT, industrial, hospitality, and logistics operations.
Contact: Tienyu Sieh
Phone: +852 9768 0179
Email: [email protected]