of January 9, Shijing Science and Technology announced that the company and the Management Committee of Ningguo Economic and Technological Development Zone signed the Agreement on Investment Cooperation of High Efficiency Solar Cell Production Project. It is estimated that the total investment of the project will not exceed 11.2 billion yuan, including 9 billion yuan of fixed assets investment, and the annual output of 24 GW high-efficiency N-type single crystal TOPCon solar cell project will be constructed.
The announcement shows that the above project is divided into two phases, with a total investment of 7.5 billion yuan in the first phase, and an annual output of 18 GW high-efficiency N-type single crystal TOPCon solar cell project. The first phase of the project started construction in April 2023 and was completed and put into operation in November 2023. After the project is fully put into production, it is estimated that the annual sales revenue will be about 20 billion yuan and the tax revenue will be more than 600 million yuan. The second phase of the project with an annual output of 6G W high-efficiency N-type monocrystalline TOPCon solar cells will be constructed in due course after the completion of the first phase.
It is understood that, in view of the fact that the project meets the requirements of strategic emerging industries, in order to support the project construction, Ningguo Economic Development Management Committee agreed to give preferential policies and subsidies to the project company in accordance with the principle of "one case, one discussion". Relevant financial support includes incentives for new projects, rent subsidies, equipment subsidies, electricity subsidies, etc. In addition, Ningguo Economic Development Management Committee promised to set up a high-standard project leadership group for Shijing Science and Technology to promote high-level and top-notch management.
Shijing Technologies said that in recent years, with the development of solar energy ushering in opportunities for construction, many large projects have been laid out and the energy situation has tightened. Photovoltaic clean energy has become the driving force of optimizing energy structure and power supply layout in Anhui Province, especially in Ningguo City. To this end, Anhui Shijing Solar Energy Technology Co., Ltd. has fully grasped the opportunity of vigorously developing new energy in Anhui Province to build an annual high-efficiency N-type TOPCon solar cell project in Ningguo City, which is in line with the company's strategic development, such as the smooth progress of the project, which is conducive to realizing the extension of the company's main business in the downstream of the industrial chain and further improving the company's business. Enhance the core competitiveness of the company and realize the healthy and sustainable development of the company.
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