The downstream PV investor has agreed to pay about 43 million yuan ($6.9m) to acquire Gonghe County Xinte Photovaltaic, which owns the project in Gonghe county, Qinghai province.

The plant was connected to the grid in late 2013, United PV said in a statement to the Hong Kong stock exchange.

Prior to the deal, EPC services provider TBEA Sun Oasis owned a 90% stake in the project owner, while Xinjiang Sang’ou Solar Equipment held the remaining 10% stake.

United