United Photovoltaics Group Limited (United PV, Hong Kong, China), on May 26th, 2015 announced that the Company will partner up with Huaxia Life Insurance Company Limited (Huaxia Life) to develop solar photovoltaic (PV) plants in China, with a total installed capacity of 1 GW and an aggregate consideration of RMB 9 billion (approx. USD 1.455 billion), in the coming two years.
As insurance can offer a long term stability of financing, United PV sees the cooperation with Huaxia Life as another big step forward for its acquisition business of solar PV plants.
“This cooperation marks the injection of Chinese insurance funds into the solar industry, fulfilling the strategic plan of the State Council,” comments LU Zhenwei, Executive Director of United PV.
The Company strives to develop more investment and financing channels through alliancing with Chinese and overseas sizable financial institutions. United PV aims to create a cross-border platform for the new energy and finance sector through business collaborations with leading financial institutions overseas.
2015-05-28 | Courtesy: United PV | solarserver.com © Heindl Server GmbH
Our editorial selection of breaking solar news is published at:
http://ift.tt/ZHkRw7
from RSS Solar News http://ift.tt/1eyJQcA
No comments:
Post a Comment