Private technology firm Tongwei Group has broken ground on the 30GW Tongwei Solar Photovoltaic Industrial Base Project in Chengdu, China.
Located in Huaizhou New Town, Jintang County, the high-performance solar cell and supporting project is being built in phases and is estimated to cost about CNY20bn ($2.8bn).
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In addition to creating over 10,000 new jobs, the project is expected to add CNY30bn/year in operating income to the company once it enters service.
The first phase of the project involves the development of 7.5GW capacity with completion scheduled within 2021. Subsequent phases of the project are planned to be completed and be commissioned in 3-5 years, based on market demands.
Tongwei said in a statement: “With the Jintang Project as a pilot, Tongwei will actively carry out the application of 5G in the field of industrial internet, make the Jintang Project a model of 5G+ advanced manufacturing industry, and promote the construction of photovoltaic green smart town based on the industrial manufacturing scenario of Tongwei.”
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The company said that the project would result in developing a major production base in Chengdu, allowing the firm to export photovoltaic products to the European markets.
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By GlobalDataThe groundbreaking follows the signing of the investment agreement by Tongwei and its subsidiary Tongwei Solar for PV Industry Base with the People’s Government of Jintang County of Chengdu City.
Tongwei earlier announced its plan to reach a solar cell capacity of 60GW-80GW in 2022 and increase the capacity to between 80GW and 100GW in 2023.
Last year, Chinese solar panel maker Risen Energy started construction on its 2.5GW hetero-junction cell and module manufacturing facility in Ninghai county in the city of Ningbo, Zhejiang province, China.
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Officials from Tongwei during the groundbreaking ceremony of solar cell and supporting project. (Credit: Tongwei Group Co., Ltd.)
