United PV did not reveal the terms of the transaction, which is its first successful investment in a foreign market.
“It has strengthened our capabilities to acquire, finance and manage overseas projects,” it said in a statement to the Hong Kong stock exchange.
Notus 2 and its wholly owned subsidiaries in the U.K. are now indirect, wholly owned subsidiaries of United PV, an investment holding company that specializes in the development, acquisition and O&M of utility-scale solar projects.
Last May, the group bought acquired 210 MW of PV capacity at five locations in China’s Inner Mongolia region and Zhejiang province for roughly $16.91 million.
In October, it purchased a 40 MW project in Yantai, a city in China’s Shandong province.
And earlier this month, it revealed that the aggregate volume of electricity generated by its solar plants in China hit 342.8 GWh in the fourth quarter of 2016.
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