Accodrding to Pvmen, on January 8, the Sichuan Provincial Development and Reform Commission released its review opinions on the energy conservation report for the High-Efficiency Solar Cell Manufacturing Base Project.
According to the public announcement, the project is the High-Efficiency Solar Cell Manufacturing Base of Sichuan Shijing New Energy Technology Co., Ltd. It will involve the construction of 20 production lines for N-type crystalline silicon solar cells in two phases, with an annual output capacity of 20 GW of high-efficiency monocrystalline silicon wafers (intermediate products, 10 GW in Phase I) and 20 GW of high-efficiency solar cells (10 GW in Phase I). The total investment for the project is RMB 4,109.3424 million. The construction timeline is as follows: Phase I will run from March to December 2025, and Phase II from March to December 2026.
On March 9, 2024, Shijing Technology announced that a project company jointly funded by Shijing Technology and Jinko Solar would oversee the development and manufacturing of a base with an annual production capacity of 20 GW of silicon wafers and 20 GW of solar cells. The project will be built in two phases, with Phase I producing 10 GW of silicon wafers and 10 GW of solar cells annually.
According to the announcement, the joint venture between Shijing Technology and Jinko Solar will serve as the project executor, with Shijing Technology holding a 90% stake and Jinko Solar holding the remaining 10%. The project company has already been established, and construction of the facilities is scheduled to begin in April 2024. The factory is expected to be completed and deliver its first solar cell by the end of Q4 2024. Additionally, Shijing Technology's wholly-owned subsidiary, Anhui Shijing Photovoltaic Technology Co., Ltd., has signed a "Solar Cell Procurement Contract" with Jinko Solar and its subsidiaries.
Under the contract, Shijing Photovoltaic will supply Jinko Solar and its subsidiaries with approximately 2.5 billion monocrystalline solar cells/A-grade cells, including but not limited to 182mm cells, during the contract period (January 1, 2024, to December 31, 2025). The contract's transaction amount will be determined based on market prices and is expected to exceed 100% of Shijing Technology's audited main business revenue for 2022, with the total value surpassing RMB 1 billion.
Source：https://mp.weixin.qq.com/s/msamzfXxhS3bIvwGmwKcOQ
