United PV announces purchase 100 MW of Chinese solar parks
Date
May 09, 2016
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United Photovoltaics Group has announced plans to take controlling equity stakes in the owners of four photovoltaic solar projects located in China. The solar projects have a combined capacity of 100 MW.
To be more specific, the company has signed separate acquisition agreements with Forty-eighth Research Institute of China Electronics Technology Group Corp and Zhejiang Ruixu Investment Co Ltd.
Under the terms of the agreements United Photovoltaics Group will pay CNY794.7 million (US$122.3 million) for the solar portfolio.
The solar portfolio comprises a 10M (CNY90 million) and a 50 MW (CNY490 million) solar plants located in Inner Mongolia and two 20 MW (CNY214.7 million) solar farms located in Qinghai province.
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