sdl should go with europe , page-31

It's a horse-cart story.

Asset ownership --> determines offtake recipients ---> Choice of EPC provider (China or non-China)

There is no such thing as partly Chinese owned, partly non-Chinese owned assets.

Winner takes all.

IMO, all road leads to Rome. That is 100% asset sale.

Unless someone can tell me why would the NDRC would settle for 50% of the asset (not knowing where the other 50% will go in 6 months).

Makes little sense even if they sign up for 50% initially and allow for the option to acquire the rest at a price (no less than the origianl sale).

Pointless really.