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Sharing Economy International Enters into Joint Venture with Hong Kong Solar Engineering to Market Solar Equipment Rental
Sharing Economy International Enters into Joint Venture with Hong Kong Solar Engineering to Market Solar Equipment Rental.
About this update from Sharing Economy International Inc.
[{"type":"text","content":"\n\n\n\nSharing Economy International Enters into Joint Venture with Hong Kong Solar Engineering to Market Solar Equipment Rental\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSharing Economy International Enters into Joint Venture with Hong Kong Solar Engineering to Market Solar Equipment Rental\nPR Newswire\nHONG KONG, March 12, 2020\n\n\n\nHONG KONG, March 12, 2020 /PRNewswire/ -- Sharing Economy International, Inc. (\"SEII\" or \"the Company\") (OTCQB: SEII) today announced that its wholly-owned subsidiary, EC Rental Limited (\"EC Rental\"), has entered into a joint venture agreement with Hong Kong Solar Engineering Limited (\"HK Solar\"), regarding the formation of a joint venture company (the \"JV\") to market solar equipment rental to both residential and commercial building owners.\nBringing from their experiences to deploy large scale solar panel projects in mainland China, HK Solar has developed projects in Hong Kong which generates 837.5 KW of electric power.\n\"With the policy driven renewable energy feed-in tariff plan advocated by China Light and Power Co Ltd and Hong Kong Electric, it provides a cost saving and may be even an income opportunity for property owners in Hong Kong,\" said Parkson Yip, Vice President of SEII. \"With the technical experiences from HK Solar, the JV will provide rental options to property owners who may not want to invest a lot of money upfront to purchase the solar equipment.  The rental fees will then be covered by part of the income received from the renewable energy feed-in tariff plan.  With the number of residential, commercial, industrial and public buildings in Hong Kong, our partnership estimates there can be a potential over US$30M annual income can be received for generating solar power in the Hong Kong market. This will give a new stream of income opportunity for the group, at the same time promoting more environmental sharing power generation mechanism by making use of our ceilings.\"\nAbout Sharing Economy International Inc.\nSharing Economy International Inc., through its affiliated companies, desig...