This summer Goldpoly, the Hong Kong-listed PV aggregator, signed a conditional agreement to buy 400MW of capacity in China from a group of developers including Guodian Inner Mongolia New Energy (GIM) and Forty-eighth Research Institute.

Guodian-owned GD Solar is acting as EPC contractor on all the projects.

Goldpoly today announced it will hand over a HK$100m ($12.9m) deposit to GD for a minimum 80% stake in the first 195MW wave of projects to be brought on line.