- The strategic partnership with Zhongnan Holding Group will add value to the company’s supply chain and enhance our production capacities
- It will allow the company to focus more on the technological advancements in the solutions
Solar developer and manufacturer ReneSola Ltd will get a $100 million capital infusion from a unit of China’s Zhongnan Holding Group. It will be used to strengthen its photovoltaic (PV) module production supply chain.
Sky Wang, CEO of ReneSola Yixing said that the strategic partnership with Zhongnan Holding Group will add value to the company’s supply chain and enhance our production capacities. It will allow the company to focus more on the technological advancements in the solutions it provides to its customers. They had entered a strategic investment agreement signed by ReneSola Yixing Co Ltd and Zhongnan Industry at the end of March.
LONGi Solar to acquire Ningbo Jiangbei Yize New Technology
Another Chinese company LONGi Solar which manufactures high-efficiency mono-crystalline solar cells and modules had announced a framework agreement to acquire solar cell and module manufacturer Ningbo Jiangbei Yize New Technology for 1.78 billion yuan recently. As per the Shanghai Stock Exchange filing, LONGi would acquire the Chinese cell and module maker through a 100 per cent acquisition of its equity through cash.
