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Sineng Electric signed an agreement with Tongxin County Government and CNNC Rich Energy to expand its manufacturing base in Ningxia, China, with a 10GW inverter production line project. The first phase involves a 50 million CNY investment for 2 production lines, with a second phase of 150 million CNY for further expansion.
“Sineng Electric announced in a momentous ‘Agreement Signing Ceremony’ that it has teamed up with Tongxin County Government, Ningxia and CNNC Rich Energy Corporation to actively respond to the vigorous energy transformation policy of China.”solarquarter.com
Summarized from public sources; check the original articles before acting on it.