According to reporting by Chinese news outlets, Yingfa Group and the municipal government of Yibin has entered into an agreement that will lead to the setup of a PV cell production base in the city’s High-Tech Industrial Park. The signing ceremony was held on March 31. Yibin is a prefecture-level city in China’s Sichuan Province.
With an annual production capacity of 20GW, the base will be developed in two phases (10GW each). Yingfa plans to invest a total of RMB 11 billion into the base. The first phase will entail RMB 5.5 billion.
Based in China’s Anhui Province, Yingfa is a supplier of high-efficiency PV cells. The information from the the company’s own website reveals that Yingfa’s current annual production capacity is around 2GW. In terms of cell performance, its mono-Si PERC cell has reached an average conversion efficiency rate of 23%. In addition to the manufacturing and sales of PV cells, the company also provides contract manufacturing service for a wide range of electronic products such as PV inverters, control circuits used in appliances, automotive electronic components, etc.