Windey secures 400m yuan energy storage financing

Windey's subsidiary has secured financing lease agreements totaling 364 million yuan for a grid-side independent energy storage demonstration project in China.

The 10-year financing comes from China Merchants Financial Leasing and Power Construction Corporation of China Financial Leasing, with the deal backed by an equity pledge guarantee of up to 400 million yuan.

The transaction increases Windey's total guarantee balance to 7.02 billion yuan, representing 12.37% of its net assets.