Goldpoly to buy new solar power plants from China

Plants will have an electricity generation capacity of 400 MW.

Hong Kong-based PV developer Goldpoly signed a deal with a consortium led by GD Solar Co Ltd. to purchase the new solar power plants.

Goldpoly will acquire the newly constructed facilities once they are connected to grids and have satisfied all necessary inspections.

The partnership is between Goldpoly and a consortium consisting of GD Solar, NARI Technology Development Co Ltd, Guodian Inner Mongolia New Energy Investment Ltd, Poly Solar Technologies Co Ltd, and Forty-eighth Research Institute of China Electronics Technology Group Corporation.

These companies will build the solar power plants throughout China, with GD Sola conducting the engineering, procurement and construction (EPC) activities. Goldpoly will then acquire certain solar power plants with an aggregate electricity generation capacity of 400 MW. Goldpoly will own 100% equity in the projects.

Goldpoly’s largest shareholder is China Merchants New Energy Group.