# Ginlong Technologies plans $100M expansion to double inverter capacity

Ginlong Technologies (Solis) announced plans to raise over $100 million through a non-public offering to double its production capacity of Solis string inverters to 20 GW per year, adding 1,000,000 square feet to its facility in Binhai Industrial Park and creating over 500 jobs.

- Type: Expansion
- Announced: 2020-05-13
- Where: Binhai Industrial Park, Zhejiang, China, China
- Value: $100.0M
- Jobs: 500
- Status: announced
- Capacity: 20 GW per year
- Products: photovoltaic string inverters
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Ginlong Technologies](https://endata.com/companies/47198.md)

## Sources

- [solisinverters.com](https://www.solisinverters.com/us/conews/33473.html), 2020-05-13: "Ginlong Technologies announced plans to raise over $100M USD through a non-public offering to finance the expansion of its manufacturing capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.