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Risen Energy Intends To Build Solar Factory With US$ 7B Investment

EESL Floats Tender for Procurement of 24 MW Solar Module for Maharashtra

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Inner Mongolia may soon see a huge investment from Risen Energy, which intends to construct a solar manufacturing complex. The estimated investment for the complex is deduced to be CNY 45 billion (US$7 billion) which will create materials from industrial silicon to PV modules.

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More than half of the anticipated investment would go toward developing on-site power infrastructure for the factory, which will include 5.1GW of renewables paired with an energy storage facility.

The company stated in a December 27 filing with the Shenzhen stock exchange that the factory will be capable of producing 10 GW of solar cells, 3 GW of modules, 200,000 tons of industrial silicon, and 150,000 tons of polysilicon each year. The manufacturing plant will be constructed in two stages.

Risen intends to spend CNY 25.2 billion ($3.9 billion) to build 3.5GW of solar and 1.6GW of wind, as well as an on-site energy storage system, to circumvent rising electricity prices. However, the filing did not specify if the manufacturing plant’s whole operation will be powered entirely by sustainable energy sources.

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Risen has many production plants in China and is also building a 3GW cell and module facility in Malaysia. Its module manufacturing capacity has now surpassed 19.1 GW, according to its website.

The company debuted its first high-power product in May 2020 and earlier this year displayed its most robust n-type solar panel with a power output of up to 703.6W.

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