Yingli Green Energy Holding Co. Ltd., the largest solar-panel maker, agreed to sell at least 300 megawatts of utility-scale power plants in China to United Photovoltaics Group Ltd.
Yingli will build and operate the plants and United will assume ownership as they are completed over the next two years, according to a statement today from Baoding, China-based Yingli. Terms weren’t disclosed.
The solar farms will be in provinces including Hebei, Guangxi, Shanxi and Shandong.
Yingli gained 5.7 percent to $4.10 at 10:49 a.m. in New York.