PN Smart Energy Signs Framework Agreement To Acquire 9.9 MW Solar Portfolio
PN Smart Energy (NASDAQ: PN) said its Chinese unit Nanjing Cesun signed a framework agreement to acquire a 9.9 MW distributed rooftop solar portfolio from Zhejiang Yuntan Technology. It plans to buy 100% equity in six project companies. Proposed valuation is about RMB30 million ($4.45 million), subject to due diligence and definitive agreements.


