International Renewable Energy Magazine

solar solar solar

United Photovoltaics to acquire 210 MW of solar-power plants

Bloomberg
May 2015

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

Bloomberg
May 2015

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.