NGDF, China-Russia Energy Fund, HIIG and China Southern Power led a $575m Series B and B+ funding round in Chint Anneng.

National Green Development Fund, China-Russia Energy Fund, Hangzhou Industrial Investment Group, three China’s state-owned enterprises, and China Southern Power Grid, a state-owned power system operator, led a $575m Series B and B+ funding round in Chint Anneng, a digital energy firm providing rooftop photovoltaic systems for households in rural China. Its appeal in the private market comes as the firm is poised to file for an initial public offering. Chint Electrics said that the plans were still in the preliminary preparation phase, without disclosing the expected listing timeframe and location.