Polaris solar PV net news: as the developer SPISolar focus Gets a bigger share of the distributed generation market in China, the company has reached an agreement to acquire a major Chinese manufacturer of roof-mounted.
The company will provide Shanghai an all-equity transaction Yazi new roofing system company to pay 330 million Yuan (54 million US dollars).
Yazi roofing is a manufacturer, owns a number of patents and has been contributing to photovoltaic roof standard in China.
SPI Peng Xiaofeng, Chairman, said: “we are pleased to announce that this framework agreement with Yazi roofing. ”
He added: “we aim to take advantage of our high-quality, low-cost development services, and Yazi roofing in the roofing business leadership, become the leading provider of distributed power generation enterprise in China. Yazi roofing in East China, one of the fastest-growing distributed generation market advantages, of this particularly promising, will improve our market share. ”
China 2014 14GW of solar deployment quotas aimed at 8GW through distributed generation project. – Despite some expectations of a slow down in the first half – but lower than expected productivity, and said officials worried. After they announced to cut red tape to promote distributed generation market.
SPI Solar solar power project of a new dimension through its subsidiary completed the acquisition.
Original title: SPI Solar focus on distributed power generation market in China