- Hoshine Silicon has confirmed its plans to venture into solar module manufacturing with 20 GW project
- Company board has cleared the proposal to invest in the project via a wholly-owned subsidiary
- It will be built for an investment of RMB 20.5 billion in in Urumqi Ganquanbao Economic and Technological Development Zone
Leading Chinese raw silicon supplier to the global solar PV industry, Hoshine Silicon Industry has confirmed its plans to enter solar module manufacturing after the company board gave a stamp of approval for it to set up a project with 20 GW annual production capacity in China.
Hoshine plans to enter module making via a wholly-owned subsidiary Xinjiang Central Hoshine Silicon Industry for which the board approved the proposal of foreign investment, the company declared in a special announcement.
While the official declaration is short on details, according to local media reports the company wants to establish the 20 GW project in Urumqi Ganquanbao Economic and Technological Development Zonein Urumqi city of Xinjiang for an estimated investment of RMB 20.5 billion ($2.9 billion).
The module project is part of a silicon-based new material integration project the company is undertaking which includes ultra-thin high transparency PV glass production project with an annual output of 1.5-million-ton worth RMB 4.45 billion ($0.64 billion).
Hoshine Silicon in April 2023 had announced an investment plan to spend about RMB 42.6 billion ($6.18 billion) including for silicon materials, silicon wafers, cells and module projects with 20 GW annual production capacity each (see China PV News Snippets).
The Chinese supplier is one of the companies named by the US Homeland Security’s list of entities covered under the Uyghur Forced Labor Prevention Act (UFLPA). According to the US government, Xinjiang made polysilicon is not allowed to enter the US in any form as it is considered a product potentially produced with forced labor of Uyghur population (see UFLPA Comes Into Force In The US).