Gigasun expands China footprint with 3.8 MW solar deals
- Özcan Berk Atakan
- 3 days ago
- 2 min read
Gigasun AB has secured five new rooftop solar photovoltaic installations in China, strengthening its presence in one of the world’s largest distributed solar markets. Announced on 2 January 2026, the projects have a combined capacity of approximately 3.8 MW and will be developed, owned, and operated through Gigasun’s wholly owned local subsidiaries.
The installations are located in Chongqing, a major industrial and commercial hub in southwestern China. Once operational, the rooftop plants are expected to generate around SEK 1.8 million (≈ USD 0.20 million) in annual revenue from electricity sales under 20-year agreements.
The total order value of the five projects amounts to SEK 36 million (≈ USD 3.96 million), with investment costs of SEK 14.4 million (≈ USD 1.58 million). Construction is scheduled to begin in Q1 2026.
Ownership Model and Sustainability Impact
Unlike many solar developments in China, these projects will operate without reliance on government subsidies. Gigasun’s subsidiaries will retain full ownership and operational control, selling electricity directly to commercial off-takers.
From an environmental perspective, the portfolio is expected to reduce carbon dioxide emissions by approximately 1,400 tonnes per year, contributing to China’s broader decarbonisation goals while delivering stable long-term cash flows.
Strengthened Financial Position
The announcement follows Gigasun’s recent refinancing of SEK 372 million with Agricultural Bank of China (Agribank). The refinancing has significantly improved the company’s liquidity position, supporting further expansion of its solar PV portfolio in China.
With these new rooftop installations, Gigasun continues to build a diversified pipeline of subsidy-free, long-term contracted solar assets in China. The projects underline the company’s strategy of combining stable returns with measurable climate impact, positioning it well for continued growth in the distributed solar segment.
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