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China Solar plans second listing in 2009

(Agencies)
Updated: 2009-03-31 15:59

China Solar Photovoltaic SA plans another share offering this year to fund expansion, and the US mainboard is a possibility, its chief operating officer said on Tuesday.

Related readings:  China invites bid for biggest solar PV power plant  Beijing to get solar thermal power   China to further develop solar energy  Solar power plants to spring up in China

The Chinese solar products maker plans to build wafer and solar cell production capacity of 50 megawatts (mW) each and add an additional 30 mW of silicon ingot capacity this year, costing $40-50 million, B. Veerraju Chaudary said.

"We want to list in another stock exchange, that's the plan this year," he said. "We have not decided which one to go for. The options are the US stock exchange, Nasdaq and Euronext."

The company may also obtain bank credit to help fund the project, he added.