Being constructed in Ningbo city in Zhejiang province, the new 2.5 GW HJT fab of Chinese module maker Risen Energy is scheduled for completion in 2021, the management informed during the groundbreaking ceremony. (Photo Credit: Risen Energy Co., Ltd)

Chinese solar module manufacturer Risen Energy Co., Ltd. has started construction work on its high efficiency heterojunction (HJT) cell and module factory with 2.5 GW of production capacity in Zhejiang province. Coming up in Ninghai county within Ningbo city, the fab is designed to produce 2.5 GW of cells and 2.5 GW of modules annually. It is the first move of Risen into HJT, so far it is producing BSF and PERC modules.

The company says the fab will be spread on 137,000 m2 area and will need an investment of approximately RMB 3.3 billion ($467 million). It is scheduled to be complete and start production in 2021. On achieving full operational capacity, it is expected to generate sales revenues of close to RMB 5 billion ($710 million).

The company claims power conversion efficiency of its HJT cells to be over 23%. “The new 2.5GW high-efficiency heterojunction project will play a key role in helping Risen Energy improve its capabilities in both technology development and smart manufacturing as well as in expanding its presence in the market. From now on, we will focus on a standards-based and efficient completion of the manufacturing facility fully in accordance with our plan while continuing to inject more human and material resources as needed,” said company’s President Xie Jian.

In November 2018 Risen announced that it increased the total capacity of its production facilities in Ningbo (Zhejiang province), Luoyang (Henan province), Wuhai (Inner Mongolia) and Jintan (Jiangsu province) as well as overseas in Mexico. Risen said that upon completion of two 5 GW projects under construction in Jintan and Yiwu, Zhejiang province, it expects to expand its total production capacity to 16.5 GW. In April 2019, its module capacity stood at 8.6 GW.