Jolywood To Expand Solar Cell Production By 16 GW

Jolywood To Invest RMB 5.6 Billion To Add 16 GW High-Efficiency Monocrystalline Solar Cell Production Capacity In Shanxi, China

Jolywood To Expand Solar Cell Production By 16 GW

Addition of solar cell production capacity by 16 GW, explained Jolywood, will enable it to realize large scale production of N-type monocrystalline cells. Pictured is a N-type monocrystalline high efficiency bifacial paving module by Jolywood. (Photo Credit: Jolywood)

  • Jolywood has announced it will expand it annual solar cell production capacity by another 16 GW
  • This capacity will be sited in a smart factory in Taiyuan region of Shanxi province in China
  • It plans to realize the capacity in 2 phases of 8 GW each, with a total investment of RMB 5.6 billion

Chinese solar backsheet, cell and module manufacturer Jolywood plans to build a new smart factory in China with an annual high-efficiency monocrystalline solar cell production capacity of 16 GW through its wholly-owned subsidiary Shanxi Huayang Jolywood Optoelectronics Technology Co., Ltd.

In a stock filing, Jolywood said it has signed a project investment agreement with Shanxi Comprehensive Reform Demonstration Zone Management Committee to build the factory for a total investment of RMB 5.6 billion ($874 million) in 2 phases of 8 GW each.

The fab will be located in Taiyuan region of Shanxi province. For phase I, Jolywood expects an investment of RMB 3 billion ($468 million) and construction period of 24 months. Of this RMB 3 billion, it has RMB 300 million ($47 million) funds available and plans to raise at least RMB 2.7 billion ($421 million). Another 8 GW should take another 12 months to build under phase II.

Jolywood said this investment will further accelerate its strategic layout in the field of high-efficiency monocrystalline cells, laying the foundation for it to realize large scale production of N-type monocrystalline cells.

Till the end of 2020, the company had an annual production capacity of 2.1 GW N-type monocrystalline cells (see China PV News Snippets: Solargiga, Huasun Energy, Jolywood).

The announcement for 16 GW addition from Jolywood comes soon after it shared plans to set up a production base in Indonesia under a joint venture with PT Len Agra Energy for 1 GW solar cell and 1 GW module production (see Jolywood To Produce Solar Cells & Modules In Indonesia).

Jolywood is firm on its N-type TOPCon module technology and shared background during TaiyangNews 2-day virtual conference on Very High-Power Solar Modules (see Day 2: TaiyangNews Very High-Power Solar Modules Conference).

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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