GCL Integration has started building a 12 GW module factory in Funing, China's Jiangsu province. The Chinese PV panel maker says it is investing CNY 2 billion ($290.4 million) in the new facility, which will host 14 production lines.
GCL Integration expects to begin manufacturing activities at the new facility in October. With the new factory, its total solar panel manufacturing capacity will reach 30 GW.
The company also announced plans to raise CNY 6 billion through a private placement of shares. It said it will invest around CNY 3.88 billion in a new TOPCon solar cell factory with a capacity of 10 GW in Wuhu, Anhui province.
It said it will also invest CNY 1.2 billion in a new battery factory with a capacity of 10 GWh in Xuzhou city, Jiangsu province. In addition, it plans to build a 60 GW module factor in Hefei city, Anhui province.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.