PVTIME – On July 11, Zhongnan Group, one of the largest conglomerates in China, held the groundbreaking ceremony for a new solar module production plant with an annual manufacturing capacity of 5GW.
Zhongnan Group is the main investor behind the well-known solar brand ReneSola and is known for selling solar PV modules globally.
The ceremony was held in the Hai’an Economic Development Zone in Jiangsu Province, China. Mr. Yu Lizhong—(the Secretary of Hai’an Municipal Party Committee), Mr. Chen Jinshi (Founder and Chairman of Zhongnan Group), Mr. Zheng Lei (Chairman & President of Zhongnan Industry) & Mr. Sky Wang (CEO of Renesola Energy) along with other well-known dignitaries of the industry were present at the ceremony.
Zhongnan is planning to manufacture its premium range of solar PV Modules in this new factory and the products will be sold under the premium brand “EVERSOLA” which was announced in Dec 2020.
Mr. Chen Jinshi (Founder and Chairman of Zhongnan Group), mentioned that the new 5GW plant will be focusing on the commercialization of the latest solar PV technologies and be the Solar Flagbearer of the Group. After this capacity addition, the total module manufacturing capacity will be 7GW which is indicative of the growth company has envisioned.
Mr. Sky Wang (CEO of Renesola) said: “We are really excited to witness the realization of the growth we projected two years back. The new plant will add an annual output value of more than 10 billion yuan. The plant will mainly focus on the “210mm” cell based modules and is fully compatible with the size below “210mm”, so as to take the existing products into account and also fill the supply gap of large-size products in the future.”
Mr. Yu Lizhong (Secretary of the Hai’an Municipal Party Committee) mentioned in his address that Zhongnan Group’s 5GW project will be of great significance for the Hai’an Economic Development Zone and a local landmark pillar for the new energy and equipment manufacturing industry within the zone. The zone is delighted to have this partnership with the Zhongnan Group who is committed to making green energy more available and affordable globally.
About Zhongnan Group:
The Zhongnan group, founded in 1988, is one of the largest conglomerates in China and has more than 100,000 employees, two listed companies with group revenue of more than USD 40 billion (2019). Today’s Zhongnan Group ranks 78th among the top 500 Chinese companies, 11th among the top 500 private companies in China, 17th among Chinese real estate companies, and 8th among the top 500 Chinese construction companies.
Founded in 2005, ReneSola is a leading international brand of PV modules. Leveraging its global presence with its worldwide offices, warehouses, expansive production facilities, and sales network, ReneSola is well positioned to provide the highest quality of green energy products and on-time services for EPCs, installers, and green energy projects around the world. Having accumulated more than 21GW in sales worldwide, ReneSola serves a large number of customers around the world ranging from small rooftop owners to large solar farm developers. ReneSola is a reliable and long-term partner of its valued customers and investors.