The solar assets are located in the south of Hebei Province, one of China’s main energy demand centres, and these assets are contracted to the State Grid Corporation of China, a Chinese state-owned electric utility and grid operator.
Sembcorp Industries has announced that it will acquire 795 megawatts (MW) of solar assets in China via its 49% owned joint venture, Beijing Energy Sembcorp.
This transaction will be with BEI Energy Development (Beijing) and will see Sembcorp pay an initial consideration of RMB15 million ($2.89 million), as well as a future capital injection of up to RMB1.14 billion.
