Roshow will facilitate the investment in Shunyu Jieneng Keji by issuing shares to four parties, according to a statement to the Shenzhen stock exchange. It partners include Oriental Venture Capital, an investment firm that holds shares in Shunyu, along with four other entities.
Shunyu Jieneng Keji reported a net profit for the eight months through the end of August, a statement to the Shenzhen stock exchange shows. The company — which builds and operates PV projects throughout northern China, including Beijing and the provinces of Hebei, Shanxi and Liaoning — will become a wholly owned subsidiary of the Roshow group once the transaction has been finalized.
Prior to the acquisition, Roshow Technology held a 7.69% stake in Shunyu Jieneng Keji, which the Chinese-language Securities Daily reports has connected 546.8 MW of solar to the grid. Its operational projects include a 20 MW installation in Tongliao, Inner Mongolia, as well as a 25 MW solar array in Anshan, Liaoning province.
Another company in the Roshow group, Shunyu Agricultural, plans to build 500 MW of solar greenhouses in Hebei and Shanxi within the next two to three years, according to the company’s website.
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.
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.