Goldpoly buys 50% stake in 23.8MW rooftop PV plant in Jiangsu

Facebook
Twitter
LinkedIn
Reddit
Email

Goldpoly and the Huabei Expressway company have purchased a 23.8MW rooftop PV plant in Jiangsu Province.

Huabei, which operates a toll road network, and Goldpoly will each take a 50% stake in the project following the US$73.5 million deal.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The 60-hectare site includes almost 6,000 agricultural greenhouses and was previously owned by the Suzhou Gong Ye Yuan Qu Zhong Fu Investment Management Company.

“The 23.8MW ecological agriculture PV project facilitates the application of new energy in developing large-scale agriculture,” said Alan Li, executive director and CEO of Goldpoly.

“It therefore maximises the benefits achieved from land resource management and promotes sustainable economic development. Both Huabei Expressway and Goldpoly are responding positively to the policies issued by the State Council on promoting the healthy development of the photovoltaic industry,” added Li.

Electricity from the plant, which is on the roof of a large greenhouse complex, will be sold at RMB2.4 kWh (US$0.39 kWh).

China Merchants Group is the largest shareholder in Goldpoly via China Merchants New Energy (CMNE) and in Huabei through China Merchants Hua Jian Highway Investment.

“Fully aware of the enormous development potential of the photovoltaic industry, the government has devoted great efforts to support the essential part of the new energy sector and promote its application, said Zheng Haijun, secretary of the party committee and deputy general manager of China Merchants Hua Jian Highway Investment and Huabei Expressway chairman.

“As a proactive response to the government policies, the cooperation between Huabei Expressway and Goldpoly on the solar power plant project marks our solid step towards developing a new industry that applies new energy in fostering ecological agriculture,” added Zheng.

Read Next

September 15, 2025
Advances in edge-based artificial intelligence are helping make solar and storage interoperable by tackling the data challenge, writes Andrew Foster.
September 15, 2025
Italy’s latest renewable energy tender has received 12GW of bids, of which the majority, 10GW, came from solar PV.
September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
Premium
September 15, 2025
The UK government and solar industry have jointly published a long-anticipated roadmap detailing how to maximise the country’s solar potential. Chris Hewett, CEO of Solar Energy UK takes a closer look at the details.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines