RenShine Begins Gigawatt-Scale Perovskite Plant Construction

• RenShine Solar breaks ground on a cutting-edge gigawatt-scale perovskite PV factory in Jiangsu, set to revolutionize solar efficiency by 2026 with a $171 million investment.

RenShine Solar has commenced construction on a gigawatt-scale perovskite photovoltaic (PV) module factory in Changshu City, Jiangsu Province, with an updated investment of RMB 1.25 billion ($171.24 million). The facility will include the company's headquarters and a global technology innovation center, with completion and production expected by early 2026. This development follows the company's initial announcement in May 2024, which outlined a planned investment of CNY 1 billion ($138 million).

RenShine Solar has already established a 10 MW perovskite tandem pilot line and a 150 MW mass production line in Changshu. The company recently reported that its mass-produced 30 × 40 cm large perovskite tandem module achieved a conversion efficiency of 26.12%, highlighting its advancements in perovskite technology.

What are the key details of RenShine Solar's new perovskite PV module factory?

• Location and Scale: The new factory is being constructed in Changshu City, Jiangsu Province, and is designed to operate on a gigawatt scale, significantly expanding RenShine Solar's production capabilities.
• Investment Details: The project has received an updated investment of RMB 1.25 billion ($171.24 million), reflecting an increase from the initially planned CNY 1 billion ($138 million) announced in May 2024.
• Facility Components: The factory will not only serve as a production site but will also house RenShine Solar's headquarters and a global technology innovation center, emphasizing the company's commitment to research and development in perovskite technology.
• Timeline: Construction is expected to be completed, and production is anticipated to commence by early 2026, marking a significant milestone in the company's expansion plans.
• Existing Infrastructure: RenShine Solar has already established a 10 MW perovskite tandem pilot line and a 150 MW mass production line in the same location, which will likely support the new factory's operations and integration.
• Technological Advancements: The company has reported a conversion efficiency of 26.12% for its mass-produced 30 × 40 cm large perovskite tandem module, showcasing its leadership and innovation in the field of perovskite solar technology.
• Strategic Importance: This new facility is expected to bolster RenShine Solar's position in the renewable energy market, particularly in the rapidly growing sector of perovskite photovoltaics, which are known for their potential to offer higher efficiency and lower production costs compared to traditional silicon-based solar cells.
• Economic Impact: The factory is likely to create numerous jobs in the region, contributing to local economic growth and supporting the broader adoption of renewable energy technologies in China and potentially globally.