Hebei Changrun will also take over Sanli’s four sets of boilers.
Hebei Changrun Environmental Technology, the wholly-owned subsidiary of Sunpower Group, has signed a thermal business transfer agreement with Hebei Sanli Group and Hebei Sanli Wool Spinning Co (collectively referred to as Sanli) for a consideration of RMB100 million ($20.5 million).
Under the agreement, Sanli will use the steam produced by Hebei Changrun for the production and heating within its plants for 25 years.
