United PV to acquire 35 MW in the southwestern parts of China
Changzhou New Light New Energy Limited, an indirect wholly-owned subsidiary of United Photovoltaics Group, has entered into the Equity Transfer Agreement with Yunnan Huiguang New Energy Investment Co to acquire the entire equity interest in the 35 MW solar power plant project located in the Yunnan Province, China.
Yunnan Huiguang New Energy Investment Co is a company focused on investing, developing and constructing new energy power plants in China. It is the owner of the 35 MW solar power plant project which will be transferred at the cash consideration of CNY30.5 million (US$4.7 million) to United PV. The solar farm is expected to commence operations by end June 2016.
We have recently reported that United PV 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.
Additionally, the company has recently acquired the full stake of a 20-MW solar park in China from Zhaoxin Energy Investment (Shanghai) Co Ltd.
Country news
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May 09, 2016
United PV announces purchase 100 MW of Chinese solar parks
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. Read more -
May 09, 2016
United PV acquires 20 MW solar park in China
Chinese-based United Photovoltaics Group Ltd has acquired the whole stake of a 20-MW solar park in China. Read more -
May 06, 2016
SolarReserve and Shenhua Group to partner for 1,000 MW of advanced solar energy projects in China
SolarReserve, LLC, a leading global developer of utility-scale solar power projects with proprietary advanced solar thermal energy storage technology, and Shenhua Group Corporation, Ltd., a key state-owned enterprise in China, announced the companies have signed a Memorandum of Understanding (MOU) to build 1,000 megawatts of solar thermal projects in China. Read more -
April 29, 2016
Everbright International secures Kunshan Hazardous Waste Incineration Project
China Everbright International Limited is pleased to announce that it has signed an investment agreement for the Kunshan Industrial Hazardous Waste Incineration Project with the People's Government of Zhangpu Town, Kunshan City of Jiangsu Province. Read more -
April 29, 2016
Concord New Energy Group sells stake in Hubei wind project
Concord New Energy, formerly known as China Windpower Group, has recently revealed that it has agreed to sell the remaining 51% stake in a wind project in the Jingmen city of the Hubei province, to Huadian Fuxin Energy Corp, a menber of China Huadian Corporation for the amount of CNY44.13 million (US$6.83 million). Read more
