Suzhou GCL New Energy Investment will acquire a 100% stake in Delingha Century Concord Photovoltaic Power, which owns 70MW of PV capacity in northwest China’s Qinghai province and which holds a 60% stake in solar developer Hainanzhou Shineng Photovoltaic Power.
As part of the agreement, Delingha Century Concord will pay 36m yuan to buy the remaining 40% stake in Hainanzhou Shineng, which owns a 30MW solar project in Qinghai, according to a GCL New Energy statement on the Hong Kong stock exchange.
