United PV acquires 100 MW PV plant in China


United PV acquired the 100 MW solar PV plant for RMB 850 million (around $134 million) from Hubei Jingtai, which has now become a subsidiary of United PV. The acquisition agreement was eneterd into with Hubei Qixing Auto-Body Company Limited in July.

The solar project is said to be the largest of its kind in both in Hubei Province, and central China. It was grid connected in Q2 of this year and is benefitting from China’s FIT.

Overall, United PV says it is in the process of acquiring 45 solar PV plants in its domestic market worth around 2 GW. Earlier this month, it announced its intention to use crowdfunding to raise capital following the recent Chinese stock market plunge.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.