According to the agreement, GD Solar, NARI Technology Development Co Ltd, GUODIAN Inner Mongolia New Energy Investment Ltd, Poly Solar Technologies (Beijing) Co Ltd and Forty-Eighth Research Institute of China Electronics Technology Group Corp will build solar power plants in China, while GD Solar will conduct engineering, procurement and construction activities and own 100% equity in the projects. Goldpoly will acquire the projects from GD Solar after the solar power plants are connected to grids and have passed inspections. It also purchase from GD Solar certain completed solar power plants with an aggregate electricity generation capacity of approximately 400MW.
GD Solar has been committed to the development and application of new energy since its setup,” said Xu Zhong, general manager of GD Solar. “With this partnership, we will bring into play to the overall strength and successful experience of our project design, equipment, construction, installation, commissioning and operational capabilities to provide the most reliable quality assurance for the future with Goldpoly and CMNE's long-term cooperation based on a solid foundation, and also boost the confidence of the entire PV industry."