PVTIME – On September 19, Risen Energy Co., Ltd. (300118.SZ) announced that the company was approved to issue no more than 270 million shares to no more than 35 specific investors, including Lin Haifeng, the actual controller of the company. According to the announcement, the total amount of funds raised will not exceed 5 billion yuan (included) after deducting the issuance expenses. The company plans to use the raised funds for production of 5GW n-type ultra-low carbon and high-efficiency heterojunction cells and 10GW high-efficiency solar modules, a R&D center and working capital.
What is more, Risen Energy disclosed it has signed an Agreement with an Austrian energy company on September 16, to supply 160MW bifacial modules of Titan Series for the construction of the largest solar power station in Austria.
 announced that the company was approved to issue no more than 270 million shares to no more than 35 specific investors,…){kind=link}