Unisun Energy Group Announces Completion of Series B Funding Led by Source Code Capital

源码资本·July 8, 2021·2·1

A pioneer and innovation driver in China's distributed solar PV industry, with operations spanning nearly 300 cities and over 2,000 power stations nationwide, and a total operating capacity of nearly 5 GW.

Recently, Unisun Energy Group, a leading distributed clean energy company in China, announced the completion of its Series B funding round, with Source Code Capital joining as a new strategic investor and sole participant in this round.

Unisun Energy Group is a pioneer and innovation driver in China's distributed photovoltaic industry, and the only company in the country focused on distributed PV power plant investment and construction that has reached the industrialization stage. It ranks among the top domestic enterprises in terms of number of distributed PV projects, installed capacity, and operations and maintenance scale, with operations spanning nearly 300 cities and over 2,000 power stations nationwide, totaling nearly 5 GW in operational capacity.

The group operates three major business segments: Unisun Power, Uper Energy (operations and maintenance), and Aopu Energy Storage, primarily engaged in distributed PV power plant investment, distributed asset O&M, and energy storage system integration. With the completion of the Series B round, Unisun Energy Group will continue advancing toward becoming a distributed clean energy unicorn.

He Yisha, Chairman of Unisun Energy Group, stated: "Source Code Capital's investment provides Unisun with fresh momentum for growth and a broader strategic vision. The remarkable growth stories of many outstanding internet and technology companies offer valuable reference points for Unisun to achieve leapfrog development,裂变式扩张, and breakthrough innovation. Seizing the opportunities of the carbon neutrality era, Unisun will continue to deepen its expertise in distributed energy, scale up its operations, deliver stronger returns to shareholders and society, and contribute to China's great carbon neutrality mission."

As a board director, Wang Di of Source Code Capital commented: "Distributed solar represents a decentralized new energy production force with cost and consumption advantages and highly customized characteristics. We have seen that Unisun Energy Group has developed strong capabilities in solution design, scalable delivery, and risk-return assessment, while providing quality operations and integrated energy services throughout the full lifecycle of power plants. The team is resolute in its mission, deeply knowledgeable, and highly execution-oriented. We look forward to Unisun better delivering attentive, worry-free green energy to users amid the major trends of carbon neutrality transformation and source-grid-load-storage integration."

As one of China's earliest distributed PV power plant investors, Unisun has accumulated extensive experience in strategic architecture, model innovation, technology R&D, digital infrastructure, and asset operations within the distributed power station sector. As distributed PV gradually becomes a pillar energy form in the carbon neutrality process, Unisun's unique advantages and substantial expertise in this niche赛道 give it vast room for growth potential.

Due to the uniquely fragmented nature of distributed operations, which upends traditional energy project investment and construction management models, Unisun became one of the first companies in the new energy industry to introduce "Internet + IoT" technological approaches, and pioneered the "batch investment and construction" business model for commercial and industrial distributed power stations. With the triple DNA of new energy, distributed systems, and digitalization, the group maintains its leading position in this niche赛道.

Zero-Carbon New Cities

In early 2020, Unisun Energy Group launched the "Zero-Carbon New Cities Plan," an innovative investment model for普惠式 distributed PV power stations. Through disruptive investment concepts, comprehensive普及推广, and innovative technology applications, the initiative aims to achieve comprehensive energy transformation and low-carbon goals for cities and industrial parks, helping "Made in China" continuously reduce production costs, improve environmental and energy efficiency, and fulfill social responsibility.

The "Zero-Carbon New Cities Plan" was a pioneer and practitioner of district- and county-level comprehensive distributed coverage, and served as one of the reference sources for the recent national "whole-county promotion" policy. The clean energy power station托管运维 services of subsidiary Uper Energy also rank among the industry leaders. Meanwhile, the company's energy storage business segment has shown rapid growth in recent years, holding over 100 national invention patents.

The Unisun Energy Group team comprises a senior management team with over ten years of overseas study and work experience, an elite project development team with multicultural backgrounds, a domestic project team with hundred-megawatt-level PV power station experience, and a highly efficient hybrid international investment and financing team. Group founder and Chairman He Yisha studied in the UK, graduating from Oxford University with a degree in mathematics and earning a master's degree in finance from Cass Business School in London. She currently serves as a deputy to the Ningbo Municipal People's Congress and founding chair of the Asia New Energy Women's Alliance.

When He Yisha returned from overseas to devote herself to the clean energy sector, she set a goal: to enable more people to benefit from clean energy, and to drive global corporate energy transformation through technological innovation.