China-based inverter producer NingBo Deye Inverter Expertise (Deye) introduced in a submitting on the Shanghai Inventory Trade (SHSE) that it intends to boost CNY3.55 billion ($513.1 million) by way of a personal placement in elements.
The corporate mentioned it’s going to use the online proceeds from the transaction to construct two new inverter factories and an R&D heart.
One of many two manufacturing services has an inverter capability of 15 GW and shall be positioned in Haiyan, Zhejiang province. This undertaking has an funding requirement of CNY2 billion and contains the deployment of a ten.5 hybrid inverter battery manufacturing unit.
The second manufacturing facility is deliberate to supply microinverters and have a capability of three GW. It is going to be positioned in Haining, Zhejiang and would require an funding of CNY544 million.
As well as, the producer plans to make use of CNY510 million for the R&D heart and one other CNY500 million for working capital.
Deye achieved income of CNY5.92 billion in 2022, with a year-on-year improve of 42% in comparison with 2021. Internet earnings was CNY1.54 billion, up 166% from a yr earlier. .
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