Chinese solar giant steps in to acquire rival in $250m swoop

Longi Solar has dramatically stepped in to take over fellow Chinese manufacturer Zhejiang Yize New Energy Technology, which operates 7 GW of module production capacity and 3 GW of cell facilities in northern Vietnam.Chinese monosilicon PV giant Longi Solar has stepped in to acquire fellow manufacturer Zhejiang Yize New Energy Technology Co Ltd for RMB1.78 billion ($253 million) after Akcome walked away from a deal at the same price on Friday. Chinese company Zhejiang Yize has 7 GW of solar module production capacity and 3 GW of cell lines in northern Vietnam, operating under the brand names Vinasolar ...

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