Huasun Energy announces fund raise and plans to develop heterojunction-perovskite tandem solar cells
Huasun Energy, China-based developer of HJT solar products, has raised more than RMB2 billion (over USD$275,600,000) in its Series C funding. The lead investor is China Green Development Investment Group (China Green Development), with co-investments from Bank of China Asset Management Co., Ltd. (Bank of China Asset) and China Post Insurance Company Limited (China Post Insurance). Originvest and China Xinxing Asset Management Co., Ltd. (China Xinxing Asset) also increased their investment in this round.
The funding will be used to further expand the production of Huasun's high-efficiency heterojunction (HJT) products and to support the R&D of cutting-edge technologies, including heterojunction-perovskite tandem solar cells.