Goldpoly grabs 204MW of China PV

Goldpoly has become a major player in China’s solar sector since its acquisition of China Merchants New Energy.

Goldpoly has become a major player in China’s solar sector since its acquisition of China Merchants New Energy.

Goldpoly New Energy has positioned itself to pick up 203.8MW of PV capacity in China through two newly planned acquisitions, the latest in a series of deals it has announced in recent weeks.

The Hong Kong-listed company and its shareholder firm, Renewable Energy Trade Board, have agreed to jointly acquire Changzhou Dinhui New Energy for 10m yuan ($1.6m).

Changzhou Dinhui, a subsidiary of PV module maker Zhongli Talesun, owns roughly 180MW of solar projects in Gonghe, in western China’s Qinghai province.

Last August, Goldpoly bought 300MW of capacity from Zhongli Talesun, as part of a 2GW framework agreement the two sides signed in 2012.

Goldpoly will take a 45% stake in Changzhou Dinhui, while Renewable Energy Trade Board will take Log in to read complete article.

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