China-based Yingli Green Energy Holding, the world's largest PV module maker, will invest CNY8 billion (US$1.28 billion) to establish an operational center and a PV power-generating station with capacity of 1GWp in Xi'an, northwestern China, while China-based Shunfeng Photovoltaic International will issue new shares to raise additional paid-in capital of CNY5.908 billion, according to China-based news reports.
Yingli Green Energy has set up overseas marketing offices in 17 countries and has a total annual production capacity of 3.5GWp.
Shunfeng Photovoltaic produces solar-grade crystalline silicon wafers, cells and PV modules and provides EPC (engineering, procurement, construction) services for PV system installation. The new shares to be issued by Shunfeng Photovoltaic will account for 28.17% of the company's current paid-in capital. The funds will be used to carry out EPC contracts for setting up distributed PV systems and PV power-generating stations.
