2 Billion Yuan! Huasun Completes C Round Financing

PVTIME – Anhui Huasun Energy Co., Ltd. (Huasun), a company with a leading team in HJT solar cell R&D and manufacturing, has recently concluded their C round of financing, raising more than 2 billion yuan. The funds will be utilized to expand Huasun’s high-efficiency heterojunction products and research and develop perovskite and HJT tandem cells, among other cutting-edge technologies.

The new funding, led by CGDG and followed by BOCGI, China Post Insurance, ORIGINVEST and China Xinxing Asset Management, will enhance Huasun’s equity structure. Huasun is delighted to have secured investment from these investors for two financing rounds valued at over 5 billion yuan in 2023, a year marked by sluggish economic growth worldwide.

Huasun is optimistic about the potential of HJT products, which are among the most promising solar cell technologies in the industry. HJT provides many advantages such as superior actual power generation, high conversion efficiency, and low carbon emissions. It is also appropriate for perovskite tandem technology.

Currently, Huasun has achieved a production capacity of 12GW of high-efficiency heterojunction cells and modules. Additionally, they have delivered over 3GW of high-efficiency heterojunction module products worldwide. By the end of 2023, Huasun aims to achieve close to 20GW of heterojunction capacity, positioning itself as a world leading enterprise for research and development of HJT cells, considering its technological innovations, extensive capacity, shipment volume, and market share.

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