Acquisition of photovoltaic panel companies across China

21 February 2024, Singapore & Shanghai, China — SP Group (SP) is expanding its portfolio of solar assets in China with its latest move to acquire 75 Megawatt Peak (MWp) of rooftop photovoltaic (PV) assets from Pufeng Xunlian Investment (Shanghai) Co., Ltd. Both companies completed the transaction of 75 MWp of distributed PV projects for a .

The China Photovoltaic Industry Association warns local governments ploughing money into solar panel factories to boost employment are wasting money on unsustainable businesses.

10 April 2023, Singapore & Shanghai, China — SP Group (SP), a leading energy utilities group and sustainable energy solutions provider in Singapore and Asia Pacific, announced that it will acquire up to 150 Megawatts-peak (MWp) of rooftop photovoltaic (PV) assets from Shanghai Unisun New Energy Co. Ltd.

The JV will acquire an initial 102MWp of rooftop solar assets from Jinko Power in the Yangtze River Delta region that includes Jiangsu, Zhejiang and Shanghai. This is SP’s first acquisition of renewable energy assets in China, a key growth market for the company as it embarks on expanding its renewable and sustainable energy solutions .

Includes the proposed acquisition of 795MW of solar assets in China announced on November 11, 2022, and the proposed acquisition of Vector Green with 583MW of renewables assets in India announced on November 13, 2022.

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3 FAQs about [Acquisition of photovoltaic panel companies across China]

Who owns Singapore's rooftop photovoltaic assets?

Loading... Singapore's leading energy utilities group, SP Group, announced its acquisition of up to 150 MWp of rooftop photovoltaic assets from Shanghai Unisun New Energy Co. Ltd. The first 80 MWp of distributed PV projects have been completed for a total equity consideration of approximately S$34 million.

Are Chinese solar photovoltaic (PV) companies engaged in overseas activities?

We find that Chinese solar photovoltaic (PV) firms are primarily engaging in downstream activities overseas, along with some manufacturing activities, and minimal upstream activities. We also find that there are opportunities for technology transfer within all segments of the solar value chain characterizing overseas activities.

How many rooftop PV assets are there in China?

These rooftop PV assets are installed at over 50 industrial sites, located across the coastal provinces of Fujian, Jiangsu, Zhejiang, and Guangdong, covering food and beverage, automobile, and textiles industries. Completion of the remaining 70 MWp of rooftop PV assets is expected to be finalised by mid-2023.

Acquisition of photovoltaic panel companies across China