China Technology Development (CTDC) surged over 30% today with heavy volume after they announced a plan to acquire a 51% equity interest in China Technology Solar Power. Upon closing of the deal, the two companies will develop a 100MW grid connected solar project in Delingha City in the Quinghai Province. CTDC believes the purchase will further its goal of becoming a fully integrated solar company with the capability to design, build and operate solar plants. … Read the rest
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China Technology Development (CTDC) & Qinghai New Energy To Cooperate On China’s Largest On Grid Solar Station
China Technology Development (CTDC) has nearly doubled in 3 trading days on news the company will partner with privately held Qinghai New Energy to build what would be China’s largest on grid solar power station. The 2 companies have signed an agreement with the local government of Qinghai Haixi Mongolian Tibetan Region to build a 30MW solar station with CTDC designing, constructing and managing the facility with support from the local government to obtain federal … Read the rest