Risen Energy Signs Framework Agreement for the Construction of a 15GW Solar Cell and 15GW Module Project

PVTIME - On June 5, Risen Energy announced
that the company and the management committee of Yiwu Economic and
Technological Development Zone had signed a framework agreement worth 20.6 billion
yuan for the construction of an expansion project capable of producing 15GW of
high efficiency solar cells and 15GW of high efficiency modules annually.

According to the framework agreement, the
project is to be constructed in two phases and will cover an area of
approximately 165 acres. Phase I of the project will erect a 5GW solar cell and
a 5GW module production line over the course of 2 years. Phase II, according to
market demand, will add an additional 10GW in solar cell and 10GW in module production over the next 3 to 5

Risen said this
agreement, if successfully realized, will further improve the company’s PV cell
and module capacity, technical and automation capabilities, cost control
measures while enhancing its core competitiveness and increasing its global
market share.