The two sides are now negotiating to potentially buy a 93.68% in Guodian Kezuohouqi Photovoltaics, which runs a 40MW, grid-connected solar project in Kezuohouqi, near the border with Liaoning province in northeast China.

Zhangjiagang-based PV group Jiangsu Yongneng currently owns 93.68% of Guodian Kezuohouqi, while Guodian Naiman Windpower holds a 6.32% stake.

Under the terms of the tentative agreement, Shenzhen-listed Huabei Expressway will buy a 84.31%