Solar distributor OSW raises $51m ‘war chest’ to take renewables fight global

One of Australia’s largest wholesale solar distributors OSW has today announced it successfully closed a $51 million Series A funding round, backed by global equity firm Hillhouse Investment.

Described by the Sydney-based company as a ‘war chest’, the Series A funds will be used to continue pushing internationally into new territories, and to reinvigorate products and services locally.

Co-founded by university mates Jeff Yu and CEO Anson Zhang in 2013, OSW is a major Australian distributor of solar energy products from PV panels to inverters and solar storage options. The company itself is a subsidiary of GCL Integrated Holdings - a multinational, China-based energy company with more than 40,000 employees - although the founders retain a stake.

Read More: https://www.businessnewsaustralia.com/articles/solar-distributor-osw-raises--51m--war-chest--to-take-renewables-fight-global.html