The company said it had issued 120 million additional shares that it “expected to reinforce its financial strength, reduce financial risk, and optimise the company’s financial structure”.
Sungrow said the $400m will enable it to increase investment in research and development and deepen its focus on innovation in the areas of PV inverters and energy storage.
Last month Sungrow and technology giant Samsung started operations of their China-based energy storage system (ESS) joint venture, Sungrow-Samsung SDI Energy Storage Power Supply.
The
