Yingli– the world’s biggest supplier of PV modules – is accelerating its push intothe downstream end of the market, and the new Shanghai-based fund will mainly invest in its ownprojects.
Thesolar group will contribute about 51% of the fund’s initial capital, withSailing Capital – which claims to be China’s first large, cross-borderrenminbi-based private equity fund – providing the balance.
Bryan Li, chiefstrategy officer at Yingli, said: "We are delighted topartner with Sailing Capital, a leading RMB private equity fund with robustfunding resources, to accelerate our footprint in the downstream solar energymarket.
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