Golden concord new energy attached to 1. $36. 6 billion sale of golden lake is fai solar power 75% stake

Solar photovoltaic (pv) network - xin new energy ( 00451). Announcement, solar net, June 29, 2020 solar energy equipment, the company indirectly affiliated company suzhou xin new energy ( As the seller) And the new energy ( As the buyer) Purchase agreement. According to the share purchase agreement, solar panels, suzhou golden concord new energy agreed to sell and the new energy agreed to buy golden lake is solar power co. , LTD. ( The target company) 75% of the equity, total price is RMB 1. 36. 6 billion yuan.

in the completion of sale items, the target company will no longer for xin xin new energy and poly association of subsidiaries. Chinese solar power network, therefore, after the delivery of the target company financial performance will no longer be integrated into the xin xin new energy and poly association of financial statements.

in the completion of sale items, golden concord new energy group and China new energy will further explore other opportunities, including but not limited to + xin new energy group, the existing photovoltaic power station in China. Golden concord new energy with the open of new energy is actively promote other batch sell matters, both sides have reached a and carry out the plan in the near future can sell photovoltaic power station matters more agreement.

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in the project bidding and parity, solar portal, state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng power 180 mw