Zhongnan group starts construction of new 5 GW solar plant
Strong points :
- The group is the main investor behind the famous electrical services company ReneSola, known for selling solar photovoltaic modules on a global scale.
- The photovoltaic solar modules that will be manufactured in the new plant will likely be sold under the premium brand âEVERSOLAâ ââwhich was announced in December 2020.
Zhongnan Group recently held a ceremony to set up a new solar production plant with an annual manufacturing capacity of 5 GW. The group is the main investor behind the famous electrical services company ReneSola, known for selling solar photovoltaic modules on a global scale.
The ceremony was held in the Hai’an Economic Development Zone in Jiangsu Province, China, and the attendees included Mr. Yu Lizhong, secretary of the Hai’an Municipal Party Committee; Mr. Chen Jinshi, Founder and Chairman of Zhongnan Group; Mr. Zheng Lei, chairman and chairman, Zhongnan Industry; and Mr. Sky Wang, CEO of Renesola Energy.
Founded in 1988, Zhongnan Group ranks 78th among the top 500 Chinese companies, 11th among the top 500 private companies in China, 17th among Chinese real estate companies and 8th among the top 500 Chinese construction companies.
The photovoltaic solar modules that will be manufactured in the new plant will likely be sold under the premium brand âEVERSOLAâ ââwhich was announced in December 2020.
After this capacity addition, the total manufacturing capacity of the SPV will be 7 GW. Mr. Chen Jinshi said that the new 5GW power plant will focus on commercializing the latest solar photovoltaic technologies.
Mr. Sky Wang said, âWe are truly delighted to witness the realization of the growth we projected two years ago. The new factory will add an annual output value of more than 10 billion yuan. The factory will mainly focus on “210mm” cell-based modules and fully compatible with the size less than “210mm”, in order to take into account existing products and also to fill the product supply gap of large size in the future.
Last month, during SNEC PV POWER EXPO 2021, at Shanghai New International Exhibition Center, ReneSola, supported by Zhongnan Group, unveiled a new series of products – TWIN 3.0 – and entered into numerous cooperation agreements to further strengthen its supply chain. The product is reportedly rated at up to 550 Wp with an efficiency of 21.5%, and is offered with a 12-year product warranty and a 30-year linear power warranty by the company.