United Photovoltaics to Acquire 210 MW of Solar-Power Plants

(Bloomberg) — United Photovoltaics Group Ltd. will acquire
Zhongneng Guodian New Energy Cooperation and Development Jiangsu
Co., an owner of solar-power projects, for 105 million yuan
($16.9 million).

Through the acquisition, United PV will own five solar
projects with a total capacity of 210 megawatts, the company
said in a statement Monday.

The plants are located in Inner Mongolia and Zhejiang
Province, ranging between 30 megawatts and 60 megawatts in
capacity each, United PV said.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Iain Wilson, Keith Gosman

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