10 Million Yuan! Star Shuaier to Set Up Two Holding Subsidiaries for PV Business

PVTIME – On May 25, Hangzhou Star Shuaier Electric Appliance Co., Ltd.(Star Shuaier)(002860.SZ),a high-tech enterprise specializing in R&D,manufacturing and the sales of various starting relays, released an announcement on two new holding subsidiaries who will engage on clean energy related businesses such as photovoltaic power station construction, photovoltaic power station operation and maintenance, with an total investment of 10 million yuan.

Meanwhile, the 1.2MW rooftop photovoltaic power system in Am Solar’s factory, one of  Star Shuaier’s holding subsidiary, is on schedule, and will be completed and connected to the grid in June. This project is expected to supply electricity for the factory and dramatically reduce the carbon emissions.

The company’s business is constantly extending and improving. Star Shuaier would like to further expand and improve its layout in renewable energy industry.