Futurasun Invests $891M in Ningxia Solar Power Project

Apr 14, 2025 09:58 AM ET
  • Futurasun launches a groundbreaking solar base in Ningxia with a 6.5 billion yuan investment, boosting solar innovation and infrastructure.
Futurasun Invests $891M in Ningxia Solar Power Project

Futurasun (Yinchuan) Technology has commenced construction on a solar energy integrated base and large-scale power station in Lingwu Lingang Industrial Park, Ningxia, as of April 10th. The project represents a significant investment of 6.5 billion yuan (over US$891 million) and will be executed in two phases.

The first phase, costing 2 billion yuan, will establish a 5GW solar module factory and a 500MW perovskite pilot-scale workshop. The second phase, requiring 4.5 billion yuan, will focus on building an 8GW HJT solar cell factory. This initiative underscores Futurasun's commitment to advancing solar energy infrastructure.

What are the key components of Futurasun's new solar energy project in Ningxia?

  • Construction of a 5GW solar module factory in the first phase.
  • Establishment of a 500MW perovskite pilot-scale workshop in the first phase.
  • Development of an 8GW HJT (Heterojunction Technology) solar cell factory in the second phase.
  • Total investment of 6.5 billion yuan (over US$891 million).
  • Project execution in two phases, with the first phase costing 2 billion yuan and the second phase 4.5 billion yuan.
  • Location in Lingwu Lingang Industrial Park, Ningxia.
  • Emphasis on advancing solar energy infrastructure and technology.
  • Integration of cutting-edge solar technologies like perovskite and HJT.