Huaqing Solar Power subscribes for USD 100 million convertible bonds issued by United PV

United PV is a leading solar power plant investor and operator in China
United PV is a leading solar power plant investor and operator in China

United Photovoltaics Group Limited (United PV, Hong Kong, China), a leading solar power plant investor and operator in China, announced that the Company and Huaqing Solar Power Limited entered into a subscription agreement, pursuant to which United PV issues USD 100 million convertible bonds (CB) to Huaqing Solar Power, where the net proceeds will be used for the acquisition, development, construction, maintenance and operation of potential target solar power plant(s).

Pursuant to the agreement, Huaqing Solar Power will subscribe for the 6.75% three-year CB in the principal amount of USD 100 million issued by the Company.

It is United PV’s strategy to identify suitable investment opportunities to acquire solar power plants with good prospects and potential for stable returns, the company emphasizes.

United PV believes that the cooperation with Huaqing Solar Power will bring very positive impacts on boosting the solar power plants acquisitions, increasing United PV’s total installed capacity and electricity generation volume.

 

2015-12-23 | Courtesy: United PV | solarserver.com © Heindl Server GmbH

Our editorial selection of breaking solar news is published at:
http://www.solarserver.com/solar-magazine/solar-news/top-solar-news.html