ReneSola to establish cell and module factory in Yancheng City Jiangsu province China
January 18, 2024, is a memorable day in the history of ReneSola. At this exciting moment filled with anticipation and hope, we are thrilled to announce that ReneSola's cells and modules project has successfully established itself in Yancheng City, Jiangsu Province, China. A grand signing ceremony was held on the same day.
ReneSola Co., Ltd is investing in 5GW cells and 10GW module projects with a total investment of 5 billion RMB, marking our ambition in the Yancheng base. Construction is scheduled to begin in March, with production expected to commence in July. The selection of this particular time point not only demonstrates our strong commitment to the project but also infuses new energy into Yancheng. The recent bidding for civil engineering and equipment projects will establish a strong foundation for the smooth progress of the project.
This project is located in YanCheng, marking an important milestone in Renesola's production capacity layout. In the future, we will strategically establish production capacity in multiple regions, including Shandong, Henan, Jiangsu, and North America. We are committed to developing a robust network of clean energy industry chains. Through large-scale production, lean management, and intelligent manufacturing, we aim to significantly improve the economies of scale and cost advantages of our products. This will also contribute to the robust development of the clean energy industry.
ReneSola has always adhered to the development philosophy of green, innovation, and sustainability. We are dedicated to offering high-quality photovoltaic module products and comprehensive solutions for global customers, encompassing photovoltaic power plant development, financing, EPC, operation and maintenance, and asset management. As of the end of 2023, ReneSola has been consistently ranked as a Tier 1 photovoltaic module manufacturer for 15 years in a row by Bloomberg New Energy Finance, with a total global shipment of photovoltaic modules surpassing 25GW.
We are well aware of the importance of clean energy for global sustainable development, and the implementation of this project in Yancheng will contribute to local industrial upgrading and sustainable development. We will actively participate in social responsibility activities, promote environmental awareness, and contribute to the sustainable development of Yancheng.
Finally, let us anticipate the full success of ReneSola's cell and component projects in Yancheng, which will bring new momentum to the clean energy industry. Let's work together to create a better future!