Power product manufacturer Hangzhou Kelin Electric (KLEC) has reportedly announced its plan to issue A-shares to raise up to RMB 1.46 billion ($201.65 million).
Of the proceeds raised, RMB 1.261 billion ($174.19 million) will be allocated to a 1 GW high-efficiency perovskite solar module plant and the remainder for working capital.
The project, to be executed by its subsidiary Keneng New Energy, will be constructed in Hangzhou City, Zhejiang Province, with a 48-month construction period.
KLEC emphasized its established partnerships with major utilities such as State Grid and China Southern Power Grid, ensuring demand for the facility’s future production capacity.
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Posted: Mar 19,2025 by Roni Peleg
