China’s Risen plans to operate $ 7 billion solar plant with clean energy

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(Bloomberg) – Risen Energy Co. plans to build a 45 billion yuan ($ 7 billion) integrated solar power plant in Inner Mongolia that will run on clean energy.

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The plant will produce materials throughout the supply chain, from industrial silicon to finished solar modules, the company said in a Dec. 27 filing with the Shenzhen Stock Exchange. It will also house and draw electricity from solar, wind and renewable energy storage facilities.

The clean energy component should allow the project to avoid higher electricity prices for highly polluting factories. It is also the last solar power manufacturing complex to be located outside Xinjiang as international surveillance of the region grows.

The plant, which will be built in two phases, will be able to produce 200,000 tonnes of industrial silicon, 150,000 tonnes of polysilicon, 10 gigawatts of solar cells and three gigawatts of modules per year, according to the file.

Risen will spend 25.2 billion yuan on the plant’s electrical installations, including the installation of 3.5 gigawatts of solar power and 1.6 gigawatts of wind power, as well as a storage site for energy. The record did not indicate whether all of the plant’s activities would be powered by clean energy.

Risen rose 7.8% in Shenzhen on Tuesday.

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