Himin Solar receives major investment from Goldman Sachs, CDH

Facebook
Twitter
LinkedIn
Reddit
Email

According to a Forbes report, major investment banks Goldman Sachs and CDH Investment have together contributed close to US$100 million in Himin Solar Energy Group, a solar module manufacturer based in eastern China’s Shandong province. The investment, which was announced earlier in the year but delayed because of the global economic crisis, has been earmarked for aiding in company growth and R&D.

While it in unclear how much of a stake the two banks have secured as a result of the investment, one of Forbes’ sources has claimed it is close to 15%. Himin’s next move is to seek regulatory approval, as well as putting the funding into expanding operations at its R&D centre in Qingdao, and establishing marketing and logistics centres in Xi’an, Wuhan and Hangzhou, according to the report.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Goldman Sachs and CDH will continue to fund Himin Solar if Himin continues to expand,” said Zhang Yi, Goldman Sachs’ (Asia) Managing Director at a news briefing.

Read Next

Premium
May 5, 2025
Tom Kenning investigates the scale of local opposition to solar projects and the measures developers are employing to win back support.
May 2, 2025
Sunraycer Renewables has signed two Environmental Attribute Purchase Agreements (EAPAs) with Meta for 310MW of solar PV in Texas, US.
May 2, 2025
A study from researchers at the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has shown that a synthetic molecule in the design of a perovskite solar cell can boost its energy efficiency and longevity.
May 2, 2025
The European Commission (EC) has allocated €52 million to nine renewable energy projects as part of its cross-border auction process.
May 2, 2025
The Q2 2025 edition (Volume 42) of our downstream solar PV journal, PV Tech Power, is now available to download.
May 2, 2025
Maxeon shipped just 211MW in the fourth quarter of 2024, driving a year-end revenue of less than half of what was reported in 2023.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
May 7, 2025
Munich, Germany
Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK