Grand Capital and Edmond de Rothschild Private Equity China have given a major boost to China’s high-concentrating PV (HCPV) industry by investing in Shainghai-based Suntrix.
Suntrix is one of the world’s leading HCPV panel and system developers and this latest round of investment will help expand its project portfolio, which already includes systems in China and Southern Europe, and also become the first company to achieve grid parity.
Both Grand Capital and Edmond de Rothschild are confident that their financial backing will not only help Suntrix develop its modules – which are IEC-62108-certified and have an efficiency of 28% – and systems, but also accelerate the maturity of PV in China and Asia.
At the signing of the private equity fund the managing partner at Edmond de Rothschild Private Equity China, Moling Chen, expressed her confidence in the future of CPV in China, “This shows not only the commitment of the Rothschild family to cleantech development, but also the confidence for CPV technologies and products of Suntrix… together with Suntrix, they will bring CPV to every corner of the global market.”
“This cooperation with Rothschild and Grand Capital brings financing to Suntrix,” added Suntrix CEO Guy Rong, who was also present at the signing. “More importantly, it helps Suntrix to build global market channels, supply chain system and capital network. Photovoltaic industry is also cost oriented and sensitive, with the new round of financing, Suntrix will accelerate to introduce more cost-effective products to become the first company to achieve grid parity.”
Suntrix is exhibiting at this week’s Solar Power International exhibition in Dallas. The event runs from October 17-20 and Suntrix can be found at booth 6325.