The Zhongnan Group, one of the largest conglomerates in China, had the groundbreaking ceremony of a new solar production plant with an annual manufacturing capacity of 5GW.
The 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 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, Zhongnan group), Mr. Zheng Lei (Chairman & President, Zhongnan Industry) & Mr. Sky Wang (CEO, Renesola Energy) along with others well-known dignitaries of the industry were present at the ceremony.
The company is planning to manufacturer its premium range of Solar PV Modules in this new factory those will be sold under the premium brand “EVERSOLA” which was announced in Dec 2020.
Mr. Chen Jinshi (Founder and Chairman, Zhongnan group), mentioned that the new 5GW plant will be focussing on commercialisation of the latest Solar PV technologies and will be the Solar Flagbearer of the Group. After this capacity addition, the total SPV manufacturing capacity will be 7GW which is representing the growth company has envisioned.
Mr. Sky Wang (CEO, Renesola) said: “ We are really excited to witness the realisation 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 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 (The Secretary, Hai’an Municipal Party Committee) mentioned in his address that that Zhongnan Group’s this 5GW PV plant will be of great significance for Hai’an Economic Development Zone and will be a local landmark pillar for the new energy and equipment manufacturing industry in the zone. We are delighted to have this partnership with the Zhongnan Group who is committed to making green energy more available & 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, the 11th among the top 500 private companies in China, the 17th among Chinese real estate companies and the 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.