(Hong Kong, January 27 2017) - China’s largest pure play solar power plant investor and operator -- United Photovoltaics Group Limited ("United PV" or the "Company", stock code: 00686.HK, whose largest shareholder is China Merchants New Energy Group) is pleased to announce that it has successfully complete the acquisition of 6 solar power plants with total installed capacity of power plants about 82.4 MW.
This acquisition is the first overseas acquisition of new energy asset by Chinese enterprise after Brexit, meanwhile, it is also United PV’s first step of completing overseas expansion. It marked the internalization of the group in project acquisition, financing and management of power plants. The Company has been working on identifying suitable new energy investment project, in order to acquire solar power plant with favorable development prospect and stable and significant returns.
In the future, United PV will expand on the areas along the “One Belt One Road” routes and other overseas market, work closely with the UN and governments to construct the Panda Solar Power Plants, quicken the pace of “Stepping out”, and deepen the cooperation with the advanced enterprises in the industry, and expand overseas market.