Ginlong Technologies announced plans to raise over $100 million, through a non-public offering to finance the expansion of its manufacturing capacity. Facing a rise in the global string inverter market, Ginlong will use these funds to double its production capacity of Solis products to 20GW per year. This expansion will enable Solis to boost its supply to grid-connected and solar-plus-storage projects for customers world-wide. The expanded factory will add 1,000,000 square feet to its existing facility in the Binhai Industrial park, bringing the company's total capacity to 20GW. Construction plans include a new R&D center, high-volume production lines equipped with advanced automation machinery, increased warehousing capacity and new offices. A new corporate campus includes offices, a multi-functional conference center and apartments for dedicated personnel.