Chinese PV Industry Brief: Arctech reveals plans to raise $150 million

Arctech Solar says it plans to raise up to CNY 1. 1 billion ($150 million) to expand its manufacturing capacity, while China Power Construction has opened bids for 1,500 MWp of n-type heterojunction PV modules. Arctech Solar said it plans to raise up to CNY 1. 1 billion ($150 million) through a private placement of shares. After covering issuance costs, the company will use the funds to expand its manufacturing capacity, including a new facility in Changzhou, Jiangsu province, that will produce 540,000 parallel drive units per year to support about 8 GW of solar installations. Arctech will also ...

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