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LERRI Solar Receives Capital Increase for Expanding Distributed Solar Business

published: 2016-11-11 16:37

Chinese solar manufacturer LERRI Solar, who focuses on R&D and manufacturing of mono-si PV cells and modules, has enthusiastically advanced its distributed PV generation (DG) business. Its parent company, LONGi, announced to issue cash capital increase for LERRI Solar, in order to drive LERRI Solar's development. LERRI Solar's registered capital will grow to six times of its original.

LONGi declared on Nov. 9 that it will conduct a RMB 500 million capital increase plan by issuing common stock for cash to help LERRI Solar, its wholly-owned subsidiary, accelerate business development in the DG market.With the capital increase, LERRI Solar's registered capital will jump from original RMB 100 million to 600 million. This capital increase will be used on enlarging LERRI Solar's market share and raising its brand recognition.

LERRI Solar has launched the "One Station (a.k.a. “Integrated”) Solution" for its DG business. This included: PV systems' consulting, inspection, engineering, project application, investment, construction, acceptance testing, grid connection, sales, operation and maintenance, after-sale services, and energy management. LERRI Solar directly integrates its own high-efficiency mono-si PV products into its PV solutions, so as to provide more convenience and higher profits to customers.

(Infographic: LERRI Solar’s “One Station Solution” for DG systems. Source: LERRI Solar)

(Reported by Rhea Tsao, translated by Janet Chen)

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