According to the reporting by various Chinese media outlets that cover news about renewable energy, Tianda New Energy announced in late June that the first phase of its PV module manufacturing projects has entered operation and rolled out its first batch of products. In its entirety, the manufacturing projects is expected to have an annual production capacity of 15GW for high-efficiency PV modules. Its groundbreaking occurred just about six months ago in late January. Also, the total investment in the project is estimated to have surpassed RMB 6 billion.
Tianda New Energy is a wholly-owned subsidiary of Tianda Group. The parent company is involved in numerous fields including metallic materials, petrochemicals, and biotechnology. Most of its manufacturing operations are located in the Chuzhou Hi-Tech Industrial Development Zone. Chuzhou is a prefecture-level city in China’s Anhui Province. Tianda Group has expanded into the new energy sector in order to support the Chinese government’s strategy for capping and reducing carbon emissions. At the same time, it recognizes that huge opportunities related to carbon neutrality and energy transition have emerged in the global market. Tianda Group plans to enter the PV market by establishing a foothold in the module segment with its subsidiary. From there, it will gradually expand its presence across the entire supply chain for PV equipment.