Chinese PV Industry Brief: Microinverter manufacturer Hoymile raises $880 million through IPO


Source: focustechnica.com focustechnica.com

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” data-medium-file=”https://www.pv-magazine.com/wp-content/uploads/2019/09/09027_Awards_Inverter_opt3.jpeg” data-large-file=”https://www.pv-magazine.com/wp-content/uploads/2019/09/09027_Awards_Inverter_opt3.jpeg” > Microinverter manufacturer Hoymile announced that it has successfully completed its initial public offering with the Shanghai Stock Exchange (SSE). The Hangzhou-based company offered 10,000,000 shares at a price of RMB557.8 per share. The capital raised through this IPO is estimated to be RMB5.58 billion (US$879 million). Polysilicon maker and inverter company TBEA announced on Friday a plan to build 200 MW worth of solar PV farms in Hangtang County, Hebei Province. The company will invest around RMB851 million, and RMB340 million (around US$132million and US$52.7million), respectively. Popular content PV manufacturer Solargiga has announced the sale of...