PVTIME – On December 27, Risen Energy Co., Ltd, a leading Tier 1 manufacturer of high-performance solar photovoltaic products, announced to sign Investment Framework Agreements with People’s Government of Baotou City, Inner Mongolia Autonomous Region and People’s Government of Guyang County, Baotou City, Inner Mongolia Autonomous Region, China.
According to the announcement, the company intends to invest through its wholly-owned or holding subsidiaries, with an estimated total investment of 44.65 billion yuan, on source-network-load-storage integration of incremental distribution network projects.Two major sections are included in the projects. For the manufacturing section (i.e. load end), annual output of 200,000MT of metallic silicon, 150,000MT of high-purity silicon, 10GW N type high-efficiency pull crystal and 3GW modules are expected with a four-year construction period. For the power generation section (i.e. power end), 3.5GW photovoltaic power station project, 1.6GW wind power station project and energy storage project are involved.The announcement stated that the source-network-load-storage integration project is an operation model that includes an overall solution of “power supply, power grid, load, and energy storage”, which made the local consumption of new energy come true, reducing the company’s manufacturing costs. This project could promote the replacement of traditional energy, fulfilling the sustainable development goal.Risen Energy stated that this investment can improve the company’s production capacity in the whole photovoltaic industry chain. This investment is expected to have a positive impact on the company’s performance and meet the company’s development needs and long-term interests.
