Risen’s new factory comes with a total investment of about US$370 million, and the company expects it to be finished within two years. Phase I is now underway, for a module capacity of 2 GW. The construction of this is expected to be completed in December 2018. At the same time, phase II, for another 3 GW of module capacity, will begin and is estimated to finish around August 2019.
Risen said that the new production line will focus on high-efficiency PERC modules; but will have the flexibility to produce different types of modules. The entire line will be prepared for both glass-glass and glass-backsheet modules, single-face or bifacial modules, and also for 156 mm cell and 165 mm cells.
Risen recorded annual income of $1.7 billion in 2017, a year on year increase of 64%. Module shipments were about 2.8 GW, and the company is ranked by IHS Markit as No.8 in module manufactures around the world, based on 2017 production figures. The company is one of several in China, which has announced huge expansion plans for both cell and module capacities.
In January, Risen began construction at another new factory in Jiangsu province. The new factory plans to have 5 GW of cell and 5 GW of module capacity, for a total investment of $1.23 billion.
Including the two projects under construction, Risen Energy will have a total manufacturing capacity of 5.5 GW for cells, and over 13 GW for modules by 2022, which could make it the world’s largest module manufacturer at that time.
Author: Vincent Shaw