PVTIME – On 8 November 2024, Clenergy Technology Co.,Ltd. (Clenergy, 603628.SH), known for its expertise in solar mounting solutions, announced that it will issue convertible bonds to unspecified targets, raising a total of not more than 500 million yuan.
The main purpose of the issuance is to expand the production scale of distributed photovoltaic mounts, improve the efficiency of automated production lines and increase investment in R&D. Of the funds, 354 million yuan will be used for the intelligent distributed photovoltaic mounting system factory, 81.62 million yuan for the energy research and development centre and 150 million yuan for additional working capital.
With more than 17 years of experience in manufacturing PV brackets, Clenergy is one of the leading photovoltaic bracket manufacturers in China, and the top supplier of solar brackets for distributed photovoltaic power systems in Australia.
According to its half-yearly report, Clenergy achieved operating income of 36,215.97 million yuan from its distributed solar bracket business, 4,161,000 yuan of intelligent tracker income, 327,112,900 yuan of ground PV bracket system, an increase of 102.21%. 78,998,900 yuan for photovoltaic power station power generation.
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