Kong Sun to buy 191 MW PV plants in China
Kong Sun Holdings, a Hong Kong-based investor, has agreed to purchase eight Chinese photovoltaic plants with a combined capacity of 190.8 MW for the amount of US$260.2 million from two different owners.
Kong Sun Holdings, through its unit Kong Sun Yongtai Investment, will acquire four plants from the Chinese company Beijing Zhengzetong Technology Development Co and the other four plants from Zhong Chuan Zhonggong Xian Dongyi New Energy Co.
Under the terms of the deal, Kong Sun Holdings will take full control of the targets, including their assets, debts and liabilities, according to a Kong Sun Holdings statement.
The four solar farms totaling 90.8 MW acquired from Beijing Zhengzetong Technology Development Co are the following:
- 21 MW Julu County Solar power plant is in operation
- 20 MW Feixi County Solar plant located in the province of Anhui also in operation
- 30 MW Zhangshu Solar plant located in Jiangxi province currently in operation
- 19,8 MW plant in the Jiangsu province which is under construction
On the other hand, the four solar farms totaling 100 MW acquired from Zhong Chuan Zhonggong Xian Dongyi New Energy Co are located in Yulin city, in the Shaanxi province. The farms were officially hooked to the grid this month.
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