Solar manufacturers Seraphim and Lu’An Solar have announced that they will open a 5 GW PV panel manufacturing facility in the Jiangsu Yixing Economic Development Zone, in China’s Jiangsu province.

The companies said they have now signed a contract for the RMB4 billion ($566.4 million) project with the Jiangsu Yixing Economic Development Zone Committee. Due to the Covid-19 crisis, the groundbreaking ceremony was performed via an online streaming session.

The factory will be part of the 2020 Yixing Major Projects to Build a New Energy Industry Highland, which is expected to spur industrial development in the county. The project will involve a total investment of RMB12 billion.

The two manufacturers said they would produce the high-efficiency modules at the new facility but they did not disclose any further details.

Seraphim and Lu’An Solar already jointly operate a 1 GW solar factory in the province of Shanxi, where they manufacture half-cell solar modules including dual glass and bifacial PV products. Seraphim also plans to open a solar panel factory in South Africa while Lu’An operates a solar cell factory of 5 GW PERC.

Source – here