Xinyi Energy Holdings has acquired Xinyi Solar Holdings

Xinyi Energy Holdings Limited has acquired Xinyi Solar Holdings Limited.

Xinyi Energy Holdings is a China-based investment holding company. It is principally engaged in the management and operation of solar farms through its subsidiaries, and generates revenue by selling the electricity to subsidiaries of the state grid. The company operates the Jinzhai, Sanshan, Nanping, Lixin, Binhai, HongAn and Wuwei solar farms, among others. These solar farms are mainly located in Anhui, Tianjin, Fujian and Hubei provinces in China. Xinyi Energy Holdings mainly conducts its business in the domestic market.

Xinyi Solar Holdings is an investment holding company principally engaged in the manufacturing and sale of solar glass. Along with its subsidiaries, the company operates its business through three segments. The sales of solar glass segment is involved in the production and sale of solar glass products, which include ultra-clear processed glass (PV) raw glass, as well as other PV processed glass such as ultra-clear PV tempered glass, ultra-clear PV anti-reflective coating glass and back glass. The solar farm and solar power generation segment is involved in the operation of utility-scale ground-mounted solar farms. The engineering procurement and construction (EPC) services segment is engaged in the provision of EPC services for solar farms.

Oaklins’ team in Hong Kong acted as independent financial advisor to Xinyi Energy Holdings Limited in this transaction.