Aiko Photo voltaic, a Chinese language photo voltaic cell and module producer, signed an settlement with the federal government of Jinan, the provincial capital of Shandong province in China, to construct a brand new photo voltaic cell and panel manufacturing unit.
It mentioned it should make investments roughly CNY 36 billion ($5.14 billion) within the new facility, which may have an annual capability of 30 GW for cells and modules afterwards.
The corporate plans to construct the manufacturing unit in three 10 GW phases over the following 5 years, with building of the primary part anticipated to start in early 2024.
At present, the corporate has about 36 GW of monocrystalline PERC photo voltaic cell capability unfold throughout 4 factories situated in Foshan, Yiwu, Tianjin, and Zhuhai.
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