China Smarter Energy acquires 300MW PV project in China

Facebook
Twitter
LinkedIn
Reddit
Email
The 300MW project has an estimated value of US$427 million, which is calculated based on the installation’s production capacity per watt of US$1.43.  Image: Kate Ausburn / Flickr

PV project operator China Smarter Energy has signed off on a deal to acquire Ningxia Guxin Electricity, a joint venture between Shanghai Guxin Asset Management and Shandong Runfeng Group.

As a result of the deal, China Smarter Energy will also acquire Ningxia Guxin Electricity’s 300MW PV project, which is located in China’s Ningxia Hui Autonomous Region.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project has an estimated value of US$427 million, which is calculated based on the installation’s production capacity per watt of US$1.43.  

China Smarter Energy acquired the project for an estimated US$134 million, and will finance the installation’s operation through both equity and debt financing as well as utilising its own funds.

Read Next

Premium
May 24, 2024
Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.
May 22, 2024
The European Solar Manufacturing Council (ESMC) has called on increasing work around inverters’ cyber- and data security.
May 21, 2024
The ISO has granted DMEGC Solar its ISO 14067 certification, to hold it to high standards of carbon footprint reporting.
May 21, 2024
Chinese solar manufacturer Huasun Energy has secured a 1GW heterojunction (HJT) module procurement for state-owned utility China Datang Corporation.
May 20, 2024
A win by the US Republican Party in this year’s election could decelerate the country’s energy transition and reverse decarbonisation policies.
Premium
May 17, 2024
The China Nonferrous Metals Industry Association's latest round of polysilicon and wafer prices continue to fall down.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece