China’s Risen Plans $7 Billion Solar Factory Run On Clean Energy
Bloomberg NewsRisen Energy Co. is planning to build a 45 billion yuan ($7 billion) integrated solar power factory in Inner Mongolia that’ll run on clean energy.
The plant will produce materials across the supply chain from industrial silicon to finished solar modules, the company said in a Dec. 27 filing with the Shenzhen stock exchange. It’ll also host, and draw power from, solar, wind and renewable energy storage facilities.
The clean energy component should allow the project to avoid higher power prices for heavily polluting factories. It’s also the latest solar manufacturing complex to be located outside Xinjiang as international scrutiny of the region grows.
The plant, to be built in two phases, will be able to produce 200,000 tons of industrial silicon, 150,000 tons of polysilicon, 10 gigawatts of solar cells and three gigawatts of modules a year, according to the filing.
Risen will spend 25.2 billion yuan on power facilities for the factory, including installing 3.5 gigawatts of solar and 1.6 gigawatts of wind, as well as an energy storage site. The filing didn’t say whether all of the plant’s activities would be powered by clean energy.
Risen rose as much as 7.8% in Shenzhen on Tuesday.
— With assistance by Dan Murtaugh, and Qian Chen
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