The news comes following the signing of an investment memorandum of understanding by the company with Nantong Economic and Technological Development Zone, located in the Jiangsu Province.
According to SolarOne, around USD$500 million will be invested in the first phase of the facility, which will see one GW of annual capacity reached over three years.
"We are very excited about our investment into a new, advanced production facility in Nantong," says Peter Xie, president and CEO of SolarOne. "The Nantong Economic and Technological Development Zone is home to some of the country's best employee talent in precision electronic manufacturing.
"Its location is just north of our Shanghai headquarters, and in close proximity to our manufacturing base in Qidong as well as one of the ten largest sea ports in China, allowing us to share management oversight and manufacturing resources. The new facility, once completed, will also provide much needed expansion of our production capacity."
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