IDG-backed Chinese solar energy firm Gaojing rakes in $251m in Series A round

Photo by Nuno Marques on Unsplash

China’s Guangdong Gaojing Solar Energy Technology has raked in 1.6 billion yuan ($251.3 million) in a Series A round of financing to speed up the construction of photovoltaic (PV) silicon wafers production facilities.

Existing investors IDG Capital and Huafa Group, a state-owned group in southern China’s Zhuhai City, invested in the Series A round. New investors Guangdong Finance Fund Management, Shenzhen Investment Holdings, and China Life Investment Management, the alternative investment arm of Beijing-based China Life Insurance, participated in the deal.

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