The first equipment for Grand Sunergy’s 5GW High-Efficiency Heterojunction Photovoltaic (PV) Module Project at the Laizhou Heterojunction Dual-Carbon Industrial Park was successfully delivered and installed. The project, approved in August 2024, has been recognized as a major initiative in Shandong Province’s 2025 development plan. It will be implemented in three phases: 1.25GW in the first phase, 1.25GW in the second, and 2.5GW in the third.
Shandong Province plays a crucial role in Grand Sunergy’s market strategy. In 2024, the company supplied premium PV products to two key projects: the 400MW offshore PV project in Zhaoyuan, Yantai, by China General Nuclear Power Group (CGN), and the 600MW “Salt-PV Complementary” project in Tushan, Laizhou. These contributions were instrumental in the successful completion of both projects.
In 2024, the Shandong Provincial Department of Industry and Information Technology released the Action Plan for the High-Quality Development of the Photovoltaic Industry in Shandong Province. The plan aims to expand Shandong’s PV industry to exceed RMB 30 billion by 2025, achieving large-scale production and application of solar cells with over 25% photoelectric conversion efficiency.
To support the growth of Shandong’s PV industry and better serve the local market, Grand Sunergy conducted extensive market research. Utilizing its technological strengths in high-efficiency heterojunction PV modules, the company decided to establish the Laizhou Heterojunction Dual-Carbon Industrial Park. Additionally, the industrial park’s advantageous port location will facilitate the expansion of the company’s overseas operations.
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