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.
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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.
