Yingfa Ruineng Technology expands solar cell production capacity in Indonesia
Thursday, August 21 2025 - 07:46 AM WIB
By Dominikus
PT Bintan Cellular Indonesia (BCI), a subsidiary of China’s Sichuan Yingfa Ruineng Technology Co., Ltd., is set to significantly expand its solar cell manufacturing capacity in the Bintan Special Economic Zone, Riau Islands Province. The expansion is part of the company’s broader strategy to strengthen its international footprint.
The company is currently constructing Phase II, covering approximately 77,702 square meters, with key products including N-type TOPCon cells and P-type PERC cells.
"We plan to further expand our production capacity for N-type TOPCon cells through the construction of our Indonesia Base II with a GFA of approximately 77,702 sq.m. Specifically, we plan to construct an additional five production lines with a planned additional annual production capacity of 3GW by June 2026," said Zhang Wei, Chairman of Yingfa Ruineng Technology, in the company’s HKEX IPO report on Wednesday, 21 August.
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The Phase I facility, which commenced operations in the fourth quarter of 2024, focuses on producing N-type TOPCon cells. The base is planning to produce 7GW of N-type TOPCon cells. As of April 30, 2025, Indonesia-based operations have contributed significantly to the company’s revenue growth, particularly in international markets. The revenue from overseas markets saw a substantial increase, with international sales rising from RMB 183.3 million in 2022 to RMB 590.3 million by the first four months of 2025. This surge in overseas revenue is mainly attributed to higher sales volumes of PV cells produced at the Indonesia base and relatively higher average selling prices in these markets compared to domestic sales.
As part of the company’s strategy to solidify its position as a global leader in the photovoltaic industry, Phase II of the Indonesia base is under construction and expected to be completed by June 2026. The new facility will cover an additional 77,702 square meters and is projected to include five additional production lines for N-type TOPCon cells, increasing the site’s annual production capacity to 3GW. This expansion is key to meeting growing international demand for high-efficiency solar cells, positioning the Indonesian facility as a critical hub for global operations.
The Indonesia base has been strategically located to serve not only Southeast Asian markets but also regions such as Europe, the Middle East, and the United States. Zhang Wei emphasized the importance of this location, stating, “Our facility in Indonesia not only reduces logistics costs but also enhances our ability to navigate global trade uncertainties by staying close to emerging Southeast Asian markets.”
Editing by Reiner Simanjuntak