China’s Goldpoly New Energy Holdings has finalised the acquisition of a 195MW portfolio of PV projects in China.
The company, which is becoming increasingly active in the downstream PV market, has bought equity shares worth US$39.2 million, in four projects through its subsidiary United Photovoltaics.
The four projects, owned by Forty-eight Research Institute and Guodian Inner Mongolia New Energy, form part of a larger 400MW portfolio of projects Goldpoly is planning to acquire from the companies, which collectively operate as a consortium known as the Photovoltaic Green Ecosystem Organization (PGO).
Alan Li, chief executive of Goldpoly, said: “Thanks to the all-round cooperation throughout the industry chain, Goldpoly has successfully acquired the first batch of 195MW solar power plants within PGO.
“It is a milestone achievement in advocating our cooperation model. With a view to boosting the sustainable healthy development of the photovoltaic industry, we will join hands with more prominent partners to promote the model adopted within PGO. We are committed to working in collaboration to build a promising future for the photovoltaic industry.”