On August 31, ReneSola, a world reputed Solar PV Module manufacturer & Zhongnan Industry, a well known conglomerate in China have decided to enter in to a joint venture to set up an additional Solar PV Manufacturing facility of annual production capacity of 3GW in Nantong, Jiangsu Province. The new facility will be focusing on the commercialization of new technologies in the Solar PV modules. The new manufacturing will add 3GW of additional capacity to ReneSola’s existing 3.65GW Solar PV manufacturing portfolio. The cooperation between ReneSola & Zhongnan Industry is based on the long term commitments and common vision to make the clean energy more available & affordable worldwide.
Mr. Sky Wang (CEO of ReneSola Yixing Co., Ltd) mentioned that this new venture will add more value to our supply chain & will make the ReneSola modules more accessible & affordable for the customers worldwide and will further support our expension plans in the new global markets. The new manufacturing unit will start the production by the end of 2020.
Mr. Zheng Lei (CEO of Zhongnan Industry, a subsidiary of Zhongnan Holding Group), said that Zhongnan attaches great importance to the green new energy market. China is the world’s largest photovoltaic module manufacturing center with huge potential. We hope to achieve a win-win situation through all-round cooperation with Renesola.
About ReneSola:
Founded in 2005, ReneSola is a leading international brand of PV modules. Leveraging its global presence with its worldwide offices, warehouses, expansive production facilities, and sales network, ReneSola is well positioned to provide the highest quality of green energy products and on-time services for EPCs, installers, and green energy projects around the world.
Having accumulated more than 20GW in sales worldwide, ReneSola serves a large number of customers around the world ranging from small rooftop owners to large solar farm developers. ReneSola is a reliable and long-term partner of its valued customers and investors.
About Zhongnan Industry:
Zhongnan Industry is a subsidiary of Zhongnan Holding Group and was founded in 2011. The group aims to build a modern enterprise dominated by its two core industries, engineering construction and cultural creativity. Founded in 1988, Zhongnan Holding Group now has more than 80,000 employees and owns two listed companies, Zhongnan Construction (SZ000961) and Zhongnan Panshi New Energy (871460). Zhongnan Holding Group is a top 500 ranked Chinese enterprise whose total sales volume exceeded USD 40 billion in 2019.
