A unit of United Photovoltaics has agreed to buy a 35MW solar project in southwestern China. Changzhou New Light New Energy — an indirect, wholly owned group subsidiary — will acquire the project in Yunnan province for roughly 30,500,000 yuan ($4.7m). The agreement requires Yunnan Huiguang New Energy Investment to guarantee the feed-in tariff (FIT) for the project, as well as its annual electricity output for the next five years, according to a statement to the hong Kong stock exchange.

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