Featured in A look beneath the surface – 02-2011

Dollars and sense

Venture Capital China: Even as more established Chinese PV firms continue their dominance of the global PV market, smaller local peers see their rise as a reason to chase private foreign investors, such as those who have made US-listed Yingli the global powerhouse it is today.

Given how smaller firms struggle to secure loans from China’s state-owned banks and the attraction of venture capital (VC), which comes with the promise of overseas listing, it remains hard for the likes of Huasheng Solar Energy Sources, based in Ningbo near Shanghai and seeking to expand its module capacity from a current 100 megawatts …

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