- Zhongli Group plans to invest in large size high efficiency solar cell and module production
- The plan is to develop 5 GW solar cell and 5 GW module production project at Siyang Economic Development Zone in Jiangsu province
- To be realized through its subsidiary Talesun Solar, the project is scheduled to improve its group profitability
In the space of large sized solar PV products, yet another expansion plan has been revealed by Jiangsu Zhongli Group Co., Ltd. of China. The group, through its subsidiary Suzhou Talesun Solar Technology Co., Ltd., will add 5 GW of solar cell and 5 GW solar module capacity to its manufacturing portfolio.
In a stock exchange filing, available in Chinese language, the group announced Talesun Solar having entered into a investment framework agreement with the management committee of Yangyang Economic Development Zone to develop this project in Siyang Economic Development Zone. Siyang is a county in China’s Jiangsu province.
Without sharing many details about the proposed project at this stage, Zhongli said the project will be constructed in phases through a project company with a registered capital of RMB 500 million. Its realization will be based on the group carrying out project feasibility analysis.
The Chinese company plans to exploit local policy advantages on location to further expand its solar cell and module production capacity and produce large sized and high efficiency solar modules to improve group profitability. It will also enhance its core competitiveness in line with its long term development strategy.
In January 2021, Talesun Solar’s subsidiary Shandong Talesun New Energy Technology started production under phase I of its 5 GW solar module line at Linzi Economic Development Zone in Shandong province (see China PV News Snippets: Zhonghuan, Risen, Zhongli, LONGi).
On its website, Talesun says its annual monocrystalline high efficiency solar cell production capacity is currently 6 GW, while that of high efficiency modules is 10 GW.