On July 23, Sungrow announced that its controlling subsidiary, Sungrow New Energy Co., Ltd., has jointly established the Suzhou Huaxu Fund with Huatai Baoli and Huatai Asset Management, with a total committed capital of Yuan 1 billion. Sungrow New Energy, acting as a limited partner, will contribute Yuan 199 million from its own funds, representing a 19.90% stake in the fund. The fund is primarily focused on investing in new energy power station projects, which is expected to support the sustained and stable growth of the company's new energy investment and development business.
Edited by Cassie Li, lixiangying@mysteel.com
