JinkoSolar breaks ground on 56 GW solar factory


JinkoSolar has started building a 56 GW vertically integrated module factory in Shanxi province of China. The project, situated in the Shanxi Comprehensive Reform Demonstration Zone, involves a total planned investment of CNY 56 billion ($7.8 billion), divided into four phases. Each phase will include 14 GW for the integration of ingots, wafers, solar cells, and modules. All phases are projected to be completed within a two-year construction period. The first-phase and second-stage projects are on track to start production in the first quarter and second quarter of 2024, while the third phase and fourth phase are scheduled for completion and production in 2025.

Hainan Drinda New Energy Technology (Drinda) said it will invest an unspecified sum in a solar cell factory that Hoang Thinh Dat is building in Vietnam. The plant, with a design capacity of 14 GW of solar cells, is located in the Southeast Economic Zone of Nghe An province, on 50 hectares across two phases. The initial phase, set for completion in the fourth quarter of 2024, will cover 30 hectares with a total investment exceeding $450 million.

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