Baotou Key Industry Development Investment Fund successfully invested 200 million yuan ($30.94 million) in the second phase of a 3GW high-efficiency monocrystalline silicon project developed by Baotou Meike Silicon Energy Co on Dec 29, 2020, according to Baotou Daily.

The issuance of this fund means that the Baotou Key Industry Development Investment Fund has invested a total of 386 million yuan in major projects since last year.

The investment fund solves the problems faced by enterprises seeking difficult and expensive financing, promotes technological upgrading and enterprise expansion, and plays an active role in the development of strategic emerging industries in the city and in the supply and growth of the rare earth industry.

The fund equity investment model also brings technology, talent, and management resources to enterprises, and helps to improve their development and operations.