Recently, Chinese PV manufacturer Astronergy (a subsidiary of Chint Group) announced a major investment plan: it will invest $700 million to construct its second PV module factory in the Balıkesir Organized Industrial Zone in western Turkey.
According to the plan, the new factory is set to break ground by the end of 2025. In the initial phase, the facility will focus on producing PV wafers and cells, with a target annual capacity of 3 GW. As the project progresses, by 2028, the factory is expected to be fully operational, significantly expanding its annual capacity to 5 GW and beginning the production of finished PV modules.
