Skycorp Solar in process to set up subsidiary in the U.S.

Skycorp Solar (PN) Group marked its Nasdaq debut by ringing the Opening Bell, signaling a transformation phase in its mission to accelerate renewable energy adoption worldwide. The achievement also coincides with the Company’s plan to localize operation in the United States as Skycorp gears up to set up local team to drive growth in this high-growth market. “We are in a process to set up a subsidiary in the United States to seize growth opportunities offered by this burgeoning market where the installed capacity is expected to double to 375 GW by 2030,” said Weiqi Huang, CEO. “Today in the U.S., nearly 7% of the electricity already comes from solar energy, which is more than seven times that of ten years ago. So Skycorp’s Nasdaq listing provides critical capital to help us localize operations in the country.” Skycorp in its prospectus unveiled plans to launch smart junction boxes and intelligent solar charging stations for EVs by late 2025, designed to simplify renewable energy integration for consumers and enterprises.