At present, the company has installed more than 1.4 million photovoltaic energy panels, covering utilities and industrial and commercial projects. Qing Jieyuan said that in the future, it will combine the investors' resources in real estate, hotel industry and sustainable development to expand more businesses.
Local renewable energy company Clean Kinetics announced that it has completed a Series A financing of 4.3 million yuan, which will be used to expand the renewable energy infrastructure asset portfolio and accelerate its business layout in the Middle East and Southeast Asia.
Qingjieyuan President Li Qihui said that the recent rise in the popularity of electric vehicles and the demand for energy in data centers of artificial intelligence (AI) has been increasing, and coupled with the promotion of government policies in various countries, renewable energy is becoming a competitive solution.
The financing was led by private investors backed by multiple family offices. According to the company's statement released on Monday (June 9), the funds will increase the total installed capacity of the completed projects of the photovoltaic energy asset portfolio from 800 megawatts (MWp) to more than 1.2 gigawatts (GW), further strengthening the company's project development capabilities in seven countries including Singapore, Malaysia, and the UAE.