Seapower and Jolywood Solar form partnership to develop photovoltaic projects in Europe
Type: Partnership · Technology: Solar · Announced: 2026-03-10
Seapower and Jolywood Solar signed a framework agreement to jointly develop European utility-scale PV projects. The two-year collaboration combines Seapower's engineering with Jolywood.
Analysis
Cork, Ireland-based Seapower Renewable Energy, an offshore renewable energy developer established in 2008, is entering the European utility-scale photovoltaic market through a new two-year framework agreement with Jolywood Solar. Announced on 2026-03-10, this partnership strategically combines Seapower's engineering expertise with Jolywood's specialized manufacturing capabilities for solar cells and modules. The commercial logic for Seapower involves expanding its development portfolio into utility-scale PV projects across Europe, diversifying from its traditional large-scale offshore wind and wave energy focus. Jolywood, a Chinese manufacturer, benefits by securing a dedicated development channel for its high-efficiency N-type bifacial solar cells and modules within the European market. While the value of the collaboration remains undisclosed, the framework agreement outlines a joint development approach for these European PV assets. Jolywood Solar, a Chinese manufacturer, brings substantial production capacity to the partnership, with 3.2GW for N-type bifacial solar cells and 6GW for modules annually. The framework provides Jolywood a direct pathway to deploy its specialized N-type bifacial technology into European utility-scale projects. For Seapower, an Irish company established in 2008 and specializing in offshore wind and wave energy, this move diversifies its development activities into the European solar sector. Seapower can now apply its engineering background to utility-scale PV projects, adding a new asset class alongside its large-scale offshore wind and wave energy developments. This deal positions Jolywood to expand its N-type bifacial module market share in Europe through a development partner.
Key points
- Seapower, an Irish offshore wind and wave developer established in 2008, is entering European utility-scale PV.
- Jolywood Solar is a Chinese manufacturer with 3.2GW cell and 6GW module annual production capacity.
- The partnership is a two-year framework agreement for joint development in Europe.
- Jolywood specializes in high-efficiency N-type bifacial solar cells and modules.
- The deal was announced on 2026-03-10.
Counterparties
- Jolywood Solar (Partner)
- Seapower (Partner)