Sun Group to invest in 7 GW cells and 6 GW modules facility; 35 Interconnect's HJT facility begins construction; HYM invests in Anhui's PV cells and modules facility; Jinchen Solar to raise RMB 1 billion.
Sun Group to invest RMB 5 billion in cell & module facility: New energy power station developer Sun Group said via WeChat that it has partnered with Dechang County for 7 GW high-efficiency cells and 6 GW of photovoltaic modules facility. The total investment of the facility is expected to be RMB 5 billion ($0.74 billion). Once the facility is completed and put into operation, the annual output value is estimated to be about RMB 20 billion ($2.98 billion).
35 Interconnect's 5 GW HJT facility begins construction: China based cloud computing for enterprise information services company 35 Interconnect has begun construction of its 5 GW high-efficiency heterojunction solar cell facility in the Economic Development Zone of Danling County in Sichuan, local media reports said. It was in December last year that the company announced its plan to invest in this facility (see China PV News Snippets). With an investment of RMB 2.5 billion ($0.37 billion) and an area of 204 mu, this facility is being developed in phases. The first phase will see the construction of a 2 GW production line with an investment of RMB 1 billion ($0.15 billion). The complete construction of the entire 5 GW is expected to happen before December 2024. Once the facility is put into operation, the average annual sales revenue is expected to be about RMB 6.19 billion ($0.92 billion).
HYM invests in PV cells and modules: Photovoltaic new energy producer Jiangxi Haiyuan Composite Technology (HYM) is investing in a 15 GW high-efficiency photovoltaic cells and 3 GW photovoltaic modules facility at Quanjiao in Anhui, local media reports said. With an investment of RMB 8.024 billion ($1.19 billion), the facility will begin construction in February 2023 and will be completed and put into operation by August same year.
Jinchen Solar to raise funds for PVD equipment projects: National high-tech enterprise in China, Jinchen Solar, announced its plans to raise about RMB 1 billion ($0.15 billion) by issuing shares in a non-public manner. The raised funds, after deducting expenses, will be used towards Jinchen Manufacturing East China project that focuses on high-efficiency cell PVD equipment. As PVD equipment is one of the core process equipment for HJT cell production line, Jinchen Solar aims to develop high-efficiency cell PVD process equipment and build mass production capacity. Towards this, the company plans to construct a new factory at Taihu Science and Technology Industrial Park, Jiangsu Province that will produce a new generation of high-efficiency module automation production lines and cell automation equipment. Once the factory is completed, the company expects the average annual sales revenue to be about RMB 2.08 billion ($0.31 billion).