The IPOs will come as part of a strategic shift that will see Shunfeng largely abandoning its current model focused on manufacturing solar panels and feeding them into its own large PV projects in China.
Instead, the company will adopt a two-pronged approach, offering EPC and O&M services to other owners of large renewables assets, while also providing clean-energy services to clients like schools and hospitals – profiting as they reduce their power bills and carbon emissions.
Shunfeng will also continue manufacturing solar cells and panels, though largely for sale to external customers.
Shunfeng's
