Hangzhou Kelin Electric has announced it intends to raise $202 million via a private placement, of which $174 million for a 1 GW perovskite cell and module factory in the Qiantang District of Hangzhou City, China, the rest being working capital. In November 2024, the company launched a (standard-size) 100 MW perovskite module pilot production line. For some time now our coverage of perovskites has been that they are on the threshold of viability. Recently, that has become more obvious and certain on the technical side – leaving the question of when investors will back them at the scale needed for mass-scale manufacturing and sales. In the current economic environment, which is precarious, investments of all kinds are being limited.…