Shunfeng to Invest $1.53bn to Build 10-GW Solar Cell Factory in Anhui, China
- Shunfeng International Clean Energy Ltd, the parent company of Wuxi Suntech Power Co Ltd, has announced plans to invest INR 10.5 billion (USD 1.53bn/EUR 1.43bn) to set up a 10-GW TopCon solar cell factory in Anhui, China.
What happened?
Shunfeng International Clean Energy Ltd, the parent company of Wuxi Suntech Power Co Ltd, has recently announced plans to invest INR 10.5 billion (USD 1.53bn/EUR 1.43bn) to set up a 10-GW TopCon solar cell factory in Anhui, China. The project will include the installation of solar and wind power generation capacity and battery energy storage. The new factory will produce 210 mm large-size MBB high-power components, compatible with 182 mm MBB cells. The cooperation agreement was signed by the company, the municipal government of Suzhou City and the Suma Park of Suzhou City industrial park.
Why does it matter?
This is an important step for Shunfeng International Clean Energy Ltd, as it will enable the company to increase its production capacity of 16.5 GW of solar cells and 25 GW of modules annually. It will also enable the company to produce 210 mm large-size MBB high-power components, which are compatible with 182 mm MBB cells, and increase their efficiency. The investment will also enable the company to set up solar and wind power generation capacity and battery energy storage, which will help the company to become more energy efficient and sustainable.
What's next?
The next step for Shunfeng International Clean Energy Ltd will be to begin the construction of the 10-GW TopCon solar cell factory in Anhui, China. The completion of the project is expected to take place in the near future, and will enable the company to increase its production capacity and become more energy efficient and sustainable. Additionally, the company will be able to produce more high-power components, which will help to increase their efficiency.
