United Photovoltaics to acquire 210 MW of solar-power plants
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.
Sustainable Power buys 26.5-Megawatt project from Solairedirect
Sustainable Power Group, an independent power producer backed by Fir Tree Partners, bought a 26.5-megawatt project in California from Solairedirect SA.
Solairedirect USA Inc., a subsidiary, will break ground on the utility-scale Adera project near Fresno beginning this quarter, Salt Lake City-based Sustainable Power said in statement Tuesday. The power plant is expected to be operational in mid-December. Terms of the sale weren’t disclosed.
Southern California Edison Co. has agreed to buy the solar farm’s output under a 20-year contract. Adera will generate enough electricity for about 3,000 homes.