GoodWe takes one step further towards seizing more market share in Europe.
It is our great pleasure to inform our customers that we have established a global partnership with Voltalia. Our recently established alliance will in the first stage target the expansion of our business in Portugal, France, Italy, Greece and UK. By signing the agreement, this partnership will include sales in these markets of the GoodWe residential, storage, commercial & industrial and large scale project products. Establishing strategic partnerships with these industry leaders is a cornerstone of GoodWe's global strategy and it is also a reflection of our company commitment to our customers.
Voltalia is a recognized energy player. With a tremendous vision about the future, it was founded in 2005 as a power producer and service provider in renewable electricity production from solar, wind, hydro and biomass energies (combining storage solutions). As an integrated company, Voltalia has developed a strong expertise throughout the value chain of a renewable project: project development, project financing, EPC and operation & maintenance. The Group is active in 20 countries, 4 continents, more than 790 employees and is able to offer services to its clients worldwide. As of December 31, 2019, Voltalia has generating capacity in operation and under construction of more than 1.2 GW and with a pipeline of projects of 7.8GW. Voltalia built more than 1.7 GW and operates more than 1.2 GW.
GoodWe was established in 2010 that focuses on the research and manufacture of PV inverters and energy storage solutions. GoodWe compares its success to the success of its customers by identifying and integrating the most advanced components and techniques available, while providing unprecedented customer service. GoodWe has built its reputation as a stable, bankable company by achieving sustainable growth in every market in which it operates. A prudent, step-by-step approach to strategic growth and consolidation offers longevity, profitable growth, and increased market share. A business model that has also been adopted by some of the world's leading renewable energy companies.
This is a fantastic opportunity for both Voltalia and Goodwe to expand their presence and introduce their core values of sustainability in existing and emerging markets. A powerful partnership that will create synergies which will enable new customers worldwide to purchase advanced technical and innovative products backed up with a second to none solar industry expertise.