10 Billion Yuan! MingYang Group Adds 10GW HJT Cell and 10GW PV Module

PVTIME – MingYang Group, a wind power company mainly focused on the research and development of megawatt-scale wind turbines and core components, has recently signed a cooperation agreement with the People’s Government of Ma’anshan City of China for the production of solar modules and cells.

The two sides will jointly invest and construct the project to reach a production capacity of 10GW of HJT cells and 10GW of solar modules per year, with a total investment of 10 billion yuan.

As a wind power giant, MingYang has been entering the solar power business since May 2021, when a 5GW HJT cell project and a 2GW high-efficiency HJT cell project were launched in Jiangsu and Guangdong provinces, respectively, with a total investment of 3 billion yuan.

In addition, two subsidiaries were established by MingYang in 2022 and another one in August 2023, with a total registered capacity of 350 million yuan, to cover the business of manufacturing photovoltaic equipment and components, specialised equipment for semiconductor devices, and technical services for energy storage.

Furthermore, according to its official website, Ming Yang Smart Energy Group has mastered not only heterojunction technology, but also advanced perovskite technology and the latest generation of cadmium telluride thin-film PV technology. Its new generation CdTe thin-film cells and modules can be widely used in centralised and distributed PV power plants as well as PVBI projects.

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