Goldpoly will acquire 45% equity interest for a total cash consideration of RMB4.5m (€538,824), while EBOD will acquire the remaining 55% equity interest for RMB5.5m (€658,602.28) cash consideration in the target company, which owns a portfolio of solar plants totaling 180MW in Gonghe, Qinghai Province.
The companies will jointly own the projects after the completion of the acquisition, which is subject to conditions including securing approval from relevant authorities for the projects and associated infrastructure; completing construction of their principal part; possessing technical conditions to connect to grids and fulfilling related financial requirements.
Zhongli Talesun will be responsible for providing EPC services for the projects and will also guarantee and warrant their electricity generation capacity meet the target set by the parties for ten years from the start of operations.
Goldpoly executive director/CEO said Alan LI said the company is always committed to promoting the stable development of PV power plants business.
"The persistent efforts we have made facilitate our strategic cooperation with the industry leader Zhongli Talesun again for the acquisition of 180MW solar power plants projects located in Gonghe, Qinghai Province, which further enhances our business expansion in West China, increases economy of scale as well as the Group’s sustained and healthy development.
"Levering on our prudent and pragmatic operating style as well as strengthen the solid bonds with credible enterprises, we are expecting to successfully complete acquisitions of solar power plants within these few weeks, in an effort to bring our promise to shareholders, to achieve the dream of green energy by ‘United as a consortium and involve all public in’," added LI.
