Qingdian Photovoltaic Technology Completed its Series A Financing

Technology Author: Xiaoguang Zhang May 10, 2023 02:36 PM (GMT+8)

Hotovoltaic headquarters (hereinafter referred to as "Qingdian Photovoltaic Technology") under the Qingdian Group(清电集团) will settle in Feidong County, Hefei City, Anhui Province and recently completed a 1.5 billion yuan Series A financing.

Qingdian Photovoltaic Technology is a provider of photovoltaic power generation services with various technologies in polycrystalline silicon and monocrystalline silicon production. It has previously started the construction of the photovoltaic silicon-based demonstration industrial park in Hami.

The official website of Qingdian Group, the parent company of Qingdian Photovoltaic Technology, shows that Qingdian Group was founded in 2016 with main businesses including clean energy, silicon-based materials, environmental protection, and modern agriculture. It has well-known companies such as Qingdian Energy, Qingdian Technology, Qingdian Silicon Industry, and Qingdian Silicon Materials.

According to Shanghai Securities News, in 2022, Chinese photovoltaic products have grown in different markets around the world, with the European market growing the most by 114.9% year-on-year. It is expected that the global demand for polysilicon materials will reach 1.5 million tons by 2025.

Currently, Qingdian Photovoltaic Technology has offices in Beijing, Henan, and Xinjiang, and its business covers 21 provinces across the country. Many companies have already started their international layouts. As one of China's "new three exports", the photovoltaic industry has attracted many companies to enter the market, among which Chinese companies have absolute advantage internationally, such as Longi Green Energy Technology, Trina Solar, and JA Solar. Among them, First Solar in the United States is also one of the world's leading manufacturers of solar photovoltaic modules.

According to 36Kr, the current financing of Qingdian Photovoltaic Technology is jointly led by Hefei Industry Investment Group and Beijing Energy Group, with follow-up investments from Sany Heavy Energy, Borun Capital, and Daogu Capital. Star Harbor Capital serves as a financial adviser.