It was reported that Renshine Solar will open a gigawatt-scale perovskite PV module factory in Jiangsu province, with a planned investment of CNY 1 billion ($138 million).
The CNY 1 billion gigawatt-scale perovskite cell project will be located in the Economic and Technological Development Zone (ETDZ) in Changshu, Jiangsu province, China. The Company started operating a 150 MW production line for perovskite modules in January. It has since claimed that its commercial modules have achieved a power conversion efficiency of 18.4%.
Renshine Solar signed a cooperation agreement with the local government of Changshu City, Jiangsu Province, China, for the construction of this large-scale perovskite solar cell production base.
The project will involve research, development and production of GW-scale perovskite solar cells. The output value is estimated at 2 billion yuan per year.
