Jiangsu Akcome in raise for 1.32GW second phase of integrated heterojunction plant

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
According to PV Tech’s ongoing tracking of PV manufacturing capacity expansion announcements, at least 14GW of HJ cell and module technology expansions were announced in 2019, compared to just over 1GW in 2018. Image: Akcome

China-based PV manufacturer Jiangsu Akcome Science & Technology Co is issuing non-public ‘A’ shares to raise capital to invest in a second phase capacity expansion of heterojunction (HJ) solar cell and module production.
 
The Supervisory Board of Akcome is expected to raise RMB 1.7 billion (US$241.8 million) in total, around RMB 1.19 billion (US$169.2 million) of which will be allocated to a 1.32GW phase-two expansion of HJ solar cell and module production in Changxing, Zhejiang province, China. 

The company has already begun investing in a 1GW HJ production plant for solar cells and modules in Changxing, with an initial investment of around RMB 950 million (US$135 million).

Longer-term plans are to achieve 5GW of integrated HJ cell and module production in Changxing. 

According to PV Tech’s ongoing tracking of PV manufacturing capacity expansion announcements, at least 14GW of HJ cell and module technology expansions were announced in 2019, compared to just over 1GW of expansion plans that were announced in 2018. 

Since the start of 2020, cumulative HJ-based expansion plans have topped 35GW, which included Akcome’s multi-gigawatt, multi-phase plans announced last year. 

Read Next

May 3, 2021
China installed 5.56GW of solar in Q1 2021, new data from the country’s National Renewable Energy Consumption Monitoring and Warning Center has revealed.
April 27, 2021
Switzerland-headquartered PV module manufacturer Meyer Burger has formally unveiled its range of heterojunction (HJ) solar modules for mass production.
PV Tech Premium
April 20, 2021
‘Solar Module Super League’ (SMSL) member Canadian Solar is planning to launch its first N-type heterojunction (HJ) PV modules in the second half of 2021, PV Tech can reveal.
April 19, 2021
‘Solar Module Super League’ (SMSL) member JA Solar has confirmed its founder and chairman, Jin Baofang had returned to work at the company.
April 9, 2021
A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.
April 6, 2021
SunPower is to allow Maxeon Solar to the Performance Series (P Series) p-type mono-Passivated Emitter Rear Cell (PERC) shingled PV modules into the US market as part of a major change to initial manufacturing agreements.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021