News Article
China Smarter Energy acquires 300 MW in China
China Smarter Energy Group, China based solar project developer, acquired special purpose vehicle, Ningxia Guxin Electricity Investment Company, which owns a 300 MW solar power project from its joint holders Shanghai Guxin Asset Management (which owns 70% of the SPV), an investment firm, and Shandong Runfeng Group (which owns the remaining 30% of the SPV), a battery manufacturer, for $134.3 million. The project is located in Ningdong, Ningxia Hui region on China.