China’s Aiko Photo voltaic plans to construct a brand new manufacturing facility in three 10 GW phases over the following 5 years. Development of the primary section is predicted to start in early 2024.

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 facility.

It mentioned it can make investments roughly CNY 36 billion ($5.14 billion) within the new facility, which could have an annual capability of 30 GW for cells and modules afterwards.

The corporate plans to construct the manufacturing facility in three 10 GW phases over the following 5 years, with development of the primary section anticipated to start in early 2024.

At the moment, the corporate has about 36 GW of monocrystalline PERC photo voltaic cell capability unfold throughout 4 factories positioned in Foshan, Yiwu, Tianjin, and Zhuhai.

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