According to the Bank’s website, the project objective is to promote innovative renewable energy technology globally by producing and deploying lightweight solar panels.
Along with the CITIC Capital Pan Eurasia Fund (the Fund), AIIB is proposing to make an equity co-investment in Sunman Energy Co., Ltd. (the Company or Sunman) which develops and sells lightweight, flexible solar modules. The Company developed its patented eArc technology, which applies a strengthened polymer composite to replace glass as the encapsulation material. Due to its lightness and flexibility, the eArc module addresses a much broader market, as about 40% of rooftops around the world, especially industrial and commercial ones, are too vulnerable to apply glass-based solar modules. The proceeds will be used to fund Sunman's capex, working capital, R&D, and business development needs to capture the growing market opportunities.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Asian Infrastructure Investment Bank
Jingyi Zhang - Investment Officer
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html