Henan Sungen secure financing to increase thin-film production capacity

Facebook
Twitter
LinkedIn
Reddit
Email

Henan Sungen Solar Fab, a subsidiary of Anwell Technologies, has secured funding totalling more than US$100 million to help expand its thin-film production capacity in China. Financial backing came from the Municipal Government of An Yang City in Henan Province.

The RMB700 million (USD$108.2 million) investment – comprised of RMB200 million in cash funding and a government-backed guarantee for bank financing of up to RMB500 million – will be used to ramp up capacity to 1.5GW over the next five years as Sungen attempts to meet rising global demand for thin-film panels.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“Leveraging on our unique in-house equipment and R&D capabilities, we are confident that this investment will further strengthen the group's position in the global solar market and put us on a long term growth trajectory,” Anwell executive chairman and CEO Franky Fan said.


Sungen is also in talks with the local government of another, unnamed, Chinese city, to secure funding for a second thin-film panel production plant. An announcement with further details will be made once the deal is finalised.

Read Next

May 21, 2025
There is potential for cPPAs to deliver the energy transition, according to speakers at the Renewables Procurement and Revenue Summit.
May 21, 2025
US PV module manufacturer Silfab Solar has acquired a patent portfolio for back-contact (BC) solar cells from solar research firm EnPV.
May 21, 2025
The US International Trade Commission has voted unanimously to impose AD/CVD tariffs on solar cells from Southeast Asia.
May 21, 2025
Installation of the anchoring system for what has been badged the world’s first floating offshore solar-wind project has been completed.
May 21, 2025
The Chilean subsidiary of French utility Engie has started construction on a 151MW solar-plus-storage project in the Metropolitan Region of Chile.
May 21, 2025
A key Chinese supplier to US tracker manufacturer Nextracker is to list on the Beijing Stock Exchange.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia
Solar Media Events
September 16, 2025
Athens, Greece