The sale price is based on current prices for installing rooftop solar panels of around 9.5 yuan per watt, and 10-10.2 yuan per watt after including rent of the property, says a statement from Shenzhen-listed Xindaxin.
The three projects have a total capacity of 14MW.
Under the agreement, LDK will lease the solar projects back from Xindaxin for 9.9m yuan a year for the six years to 2018.
LDK,
