ReneSola, a world reputed Solar PV Module manufacturer & Zhongnan Industry, a well known conglomerate in China have decided to enter in to a joint venture to set up an additional Solar PV Manufacturing facility of annual production capacity of 3GW in Nantong, Jiangsu Province. The new facility will be focusing on the commercialization of new technologies in the Solar PV modules. The new manufacturing will add 3GW of additional capacity to ReneSola’s existing 3.65GW Solar PV manufacturing portfolio. The cooperation between ReneSola & Zhongnan Industry is based on the long term commitments and common vision to make the clean energy more available & affordable worldwide.
Mr. Sky Wang (CEO of ReneSola Yixing Co., Ltd) mentioned that this new venture will add more value to our supply chain & will make the ReneSola modules more accessible & affordable for the customers worldwide and will further support our expension plans in the new global markets. The new manufacturing unit will start the production by the end of 2020.
Mr. Zheng Lei (CEO of Zhongnan Industry, a subsidiary of Zhongnan Holding Group), said that Zhongnan attaches great importance to the green new energy market. China is the world’s largest photovoltaic module manufacturing center with huge potential. We hope to achieve a win-win situation through all-round cooperation with Renesola.