Risen Energy has announced plans to invest $7bn (CNY44.65bn) for the construction of a new solar photovoltaics (PV) manufacturing plant in Inner Mongolia.

The project comprises two sections – one is the manufacturing sector while the other is the renewable power generation sector.

For the power generation section of the project, the company signed an agreement to invest around $3.9bn (CNY25.2bn).

It will see the installation of 3.5GW of solar and 1.6GW of wind capacity in addition to an energy storage component.

Upon completion, the manufacturing plant will have an annual production capacity of about 200,000 tonnes of industrial silicon, 150,000 tonnes of polysilicon, 10GW of solar cells and 3GW of panels.

The manufacturing plant will be powered by the renewable power generation sector.

Risen Energy said the manufacturing section of the complex is planned to take four years for completion.

Recently, third-party testing and certification organisation TÜV Rheinland confirmed that Risen Energy’s heterojunction module series have achieved a maximum power of 721.016W and 23.65% module efficiency.

For the module, Risen Energy integrated the latest heterojunction cell and advanced packaging technologies, with ultra-high efficiency HJT cell and ultra-low module packaging loss.

This has resulted in a steady improvement in efficiency and high power generation, the firm noted.