Goldpoly New Energy to Buy Stakes in GD Solar Farms

Goldpoly New Energy Holdings Ltd. (686) agreed to buy stakes in 195 megawatts of solar farms from GD Solar Co.

The Chinese renewable energy operator will pay a deposit of HK$100 million ($12.9 million) to buy at least 80 percent of the projects, it said in a statement today. The farms will start to generate electricity by the end of this year.

The purchase is part of the Goldpoly’s plans, announced in August, to buy 400 megawatts of solar power plants, it said in the statement.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.