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China's Risen Energy begins construction of 2.5-GW HJT module factory

The groundbreaking ceremony in Ningbo. Source: Risen Energy Co., Ltd

August 22 (Renewables Now) - Chinese solar products maker Risen Energy Co Ltd (SHE:300118) on Monday broke ground on a 2.5-GW heterojunction (HJT) cell and module production facility in Zhejiang province.

The CNY-3.3-billion (USD 466m/EUR 420m) project involves the construction of facilities used in the production of 2.5 GW of HJT cells and 2.5 GW of HJT modules in Ninghai, a county within the city of Ningbo.

The complex is expected to go online in 2021 and generate annual sales of about CNY 5 billion when operating at full capacity.

Risen Energy says that its HJT cells promise a conversion efficiency of more than 23%. Its modules will utilise half-cut, imbricate, double-glass and high-reflectivity backsheet.

(CNY 10 = USD 1.412/EUR 1.273)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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