PVTIME – Late yesterday, Risen Energy Co., Ltd. (hereinafter referred to as “Risen” or the “Company”) issued an announcement regarding the signing of a letter of intent between the company, the Jintan District People’s Government of Changzhou City, and the People’s Government of Zhixi Town, Jintan District, Changzhou for developing Phase II of its Jintan high-efficiency photovoltaic cells and modules manufacturing base.
According to the announcement, Phase II construction includes a new high efficiency photovoltaic cell production project with an annual output of more than 4GW and a new high efficiency photovoltaic module production project with an annual output of more than 6GW. The total investment of Phase II is about 5.28 billion yuan.
Risen Energy stated that the successful implementation of Phase II is expected to further improve the company's capacity layout for photovoltaic cells, modules, and related products. At the same time, it will enhance the company's core competitiveness, manufacturing technology, automation level, and cost control. Furthermore, it will expand the company’s market share in the global photovoltaic market and have a positive impact on the company’s development needs and long-term performance.