Jiangsu Akcome in raising for 1.32 GW 2nd stage of incorporated heterojunction plant

• China-based PV maker Jiangsu Akcome Science & Technology Carbon monoxide is releasing non-public 'A' shares to increase resources to purchase a 2nd stage ability growth of heterojunction (HJ) solar battery as well as module manufacturing.

The Supervisory Board of Akcome is anticipated to elevate RMB 1.7 billion (US$ 241.8 million) in overall, around RMB 1.19 billion (US$ 169.2 million) of which will certainly be designated to a 1.32 GW phase-two development of HJ solar battery as well as module manufacturing in Changxing, Zhejiang district, China.

The business has actually currently started purchasing a 1GW HJ manufacturing plant for solar cells and also components in Changxing, with a preliminary financial investment of around RMB 950 million (US$ 135 million).

Longer-term strategies are to attain 5GW of incorporated HJ cell and also module manufacturing in Changxing.

According to PV Tech's recurring monitoring of PV production capability growth statements, at the very least 14GW of HJ cell as well as module modern technology developments were revealed in 2019, contrasted to simply over 1GW of development strategies that were introduced in 2018.

Because the beginning of 2020, advancing HJ-based development strategies have actually covered 35GW, that included Akcome's multi-gigawatt, multi-phase strategies revealed in 2014.