CECEP Solar intending 20GW of high-efficiency cell capacity in merchant play relocation

• China-based PV power plant designer and also PV maker CECEP Solar Energy Co is preparing a major step into the quickly creating seller high-efficiency PERC large-area solar cell market with the construction of a 20GW hub in the Gaoyou Economic Development Zone, Gaoyou City, Jiangsu district.

A subsidiary of CECEP Solar will run the new solar cell hub, which will certainly be ramped in yearly 6.5 GW stages to reach the 20GW target. The project will certainly adopt high-efficiency Passivated Emitter Rear Cell (PERC) innovation as well as very automated 'Smart Manufacturing' technologies to be affordable with other significant merchant cell producers such as Tongwei and Aiko Solar.

CECEP is likewise planning a 4.5 GW smart production module assembly ability development at its existing production center in the Zhenjiang Economic and also Technological Development Zone. A first 1.5 GW of ability will be included as Phase I.

CECEP Solar did not reveal timelines for the ability developments or the anticipated capital investment needed.

The company had roughly 3.83 GW of operating PV power plants in China at the end of 2019 as well as has secured around 12GW of future projects to be created. The firm has additionally begun diversifying into O&M solutions and also is devoting to additional growths of its vendor cell and also module businesses.

CECEP Solar had exterior sales of solar cells totalling 230MW in 2019, according to its financial statements as well as around 800MW of module sales, creating mixed profits of RMB1.26 billion (US$ 186.88 million). Total earnings in 2019 was around RMB5 billion (US$ 737 million).