CECEP Solar starts preliminary building and construction phase of 50GW progressed cell capacity technique

• China-based PV module manufacturer as well as PV project designer and also operator, CECEP Solar Energy Carbon monoxide has started an initial phase of construction of an advanced solar cell facility as part of a new method to get in and also end up being a significant seller cell manufacturer with an overall capability of 50GW.

The preliminary project includes 20GW of innovative PERC (Passivated Emitter Rear Cell) solar cell along with 4.5 GW of extremely automated module assembly ability at a complete expense of RMB 2,963 million (US$ 453 million).

Located in the Jiangsu Gaoyou Economic Development Zone, Jiangsu district, Phase 1 of the project is created to develop a 6.5 GW highly automated (Intelligent Manufacturing) solar cell plant making use of advanced PERC technology for large-area cells based on 180(x) versions with to the biggest dimension of 210mm x 210mm.

Phase 1 of the project is expected to be operational by the end of 2021.

CECEP Solar is likewise building a 1.5 GW progressed module assembly plant for the large-area, high-efficiency cells, thought to be mainly utilized in its downstream projects. The plant will be situated in the Jiangsu Zhenjiang New District New Energy Industrial Park, which currently houses around 1GW of module setting up capability, according to PV Tech's evaluation.

CECEP Solar had revenue of about US$ 747 million in 2019 and also module manufacturing output of 809MW.

Income reported for the initial nine months of 2020 was approximately US$ 576.5 million. The firm had roughly 4.97 GW of PV power plants under monitoring in 2019 and a 12GW pipe.

In 2019, CECEP Solar marketed 4.712 billion kWh of electrical power with power generation sales profits completing RMB 3.721 billion (US$ 567 million), accounting for 74.26% of the complete income.

Over the last few years two seller cell producers (Tongwei and Aiko Solar) have emerged and also dominated the sector as significant SMSL's (Solar Module Super League) participants such as JinkoSolar, Canadian Solar and Trina Solar have sought asset-lite manufacturing approaches, focusing on lower capex cost module assembly developments over solar cells.

Aiko Solar is intending to have around 45GW of solar cell capability in operation by the end of 2022 and Tongwei had actually intended to get to 40GW of cell ability by the end of 2020, after that enhancing to 60GW of ability in 2021.