# Qingdian Photovoltaic Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/qingdian-photovoltaic-technology

- Industry: Power & Utilities
- Headquarters: Hefei, China
- Total disclosed funding: $216M
- Latest round: Series A (May 10, 2023)
- Investors on record: 5

## About

Established in 2022 and based in Hefei, China, Qingdian Photovoltaic Technology is an energy company that focuses on providing power generation services. The founder of this company, Jujun Zhang, has nearly 20 years of experience in the power sector planning, design, and construction industry. It is one of the subsidiaries of Clear Power Group. It has cooperation with Seraph Energy Group Co., Ltd., Anhui Shijing Light Energy Technology Co., Ltd., and Guangdong Hongjun Ju Energy New Energy Co., Ltd. In May 2023, it raised CNY 1.5 billion in series A funding co-led by new investors Beijing Energy Holding and Hefei Industry Investment Group, with participation from new investors DGC, Sany Heavy Energy Co., Ltd., and Xiamen Borun Capital Investment Management, and other unspecified investors. As for 2023, the firm has more than 5,000 employees.

The main business of this company is solar power generation technology services, wind power generation technology services, photovoltaic power generation equipment leasing, station hydrogen refueling and storage facilities sales, machinery and equipment leasing, contract energy management, and engineering management services. In addition, it also creates a green silicon-based whole industry chain ecosystem of "new energy power plant ? incremental distribution grid ? industrial silicon ? polysilicon ? monocrystalline silicon ? silicon wafer".

It has an overall plan to build 400,000 tons of industrial silicon, 200,000 tons of polysilicon material, and a 60GW monocrystalline silicon rod production base in 2022. The first phase of the 10GW per year monocrystalline silicon rod pulling project was topped out in April this year and is expected to be put into operation in July this year, while the 50,000-ton polysilicon project has fully started construction and is expected to be put into operation in the first quarter of 2024.

## Funding rounds

- Series A, May 10, 2023, $216M — Beijing Energy Holding, DGC, Hefei State-Owned Assets Holding, Xiamen Borun Capital Investment Management, Sany Heavy Energy Co.,Ltd.

## Investors

- Beijing Energy Holding — Series A
- DGC (https://capitalatlas.ai/funds/dgc) — Series A
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series A
- Xiamen Borun Capital Investment Management (https://capitalatlas.ai/funds/xiamen-borun-capital-investment-management) — Series A
- Sany Heavy Energy Co.,Ltd. — Series A