6.3 Billion Yuan! CECEP Solar to Raise Funds for 7 PV Projects

PVTIME – On 14 July 2023, CECEP Solar Energy Co.,Ltd. (000591.SZ), a holding subsidiary of China Energy Conservation and Environmental Protection Group, disclosed that it intends to issue convertible bonds to unspecified targets to raise a maximum of 6.3 billion yuan, which will be used for the construction of 7 photovoltaic power projects and to supplement working capital.

The 7 PV and energy storage projects are located in different counties or villages in China, with a total installed capacity of 1160MW and a total investment of 5.738 billion yuan, of which 4.41 billion yuan of the funds raised will be used for the construction of these projects.

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