Goldpoly connects 50MW in China

Goldpoly has become a key player in Chinese PV since finalising its acquisition of China Merchants New Energy earlier this year.

Goldpoly has become a key player in Chinese PV since finalising its acquisition of China Merchants New Energy earlier this year.

Goldpoly New Energy has announced that a 50MW solar plant — the first project in a 195MW batch of PV to be brought online by the end of this year — has been connected to the grid in northern China’s Inner Mongolia region.

In late November, the Hong Kong-listed company revealed plans to buy majority stakes of at least 80% in 195MW of PV plants, as the first deal in a broader 400MW agreement it has signed with a group of companies.

Last August, Goldpoly conditionally agreed to buy 400MW of capacity in China as part of the Photovoltaic Green Ecosystem Organization (PGO), which includes GD Solar, Guodian Inner Mongolia New Energy and Forty-eighth Research Institute.

PGO is set to connect two more 40MW projects and a 65MW plant to Log in to read complete article.

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