June 6, Longji Green Energy announced that the company had signed an investment agreement with the Management Committee of Xi'an Economic and Technological Development Zone, with an annual output of 20GW monocrystalline silicon rods, 24GW monocrystalline batteries and supporting projects. The overall planning of the project is divided into three phases, of which the first phase is the annual output of 20GW monocrystalline silicon rod project and 12GW monocrystalline battery project, the second phase is the annual output of 12GW monocrystalline battery project, and the third phase is the reserved expansion and supporting industrial chain project, supporting the construction of Longji Global Innovation Center project.
According to the agreement, the first phase of the project is expected to invest 7.5 billion yuan (including liquidity) by the project subsidiary of Longji Green Energy Technology Co., Ltd; The Phase II Project and the Phase III Project shall be separately negotiated by Party A and Party B in combination with the implementation of the Phase I Project and the demand of the photovoltaic market, and the two parties shall determine the start-up time through friendly negotiation, of which the estimated investment amount of the Phase II Project is 3.5 billion yuan (including liquidity). The investment amount of the third phase project is estimated separately according to the investment content determined by both parties through subsequent negotiation. The supporting Longji Global Innovation Center project is expected to invest about 1.5 billion yuan by the company or its affiliated institutions.
According to the announcement, the first phase of the project is scheduled to be put into operation in the second half of 2024 and reach production capacity by the end of 2025. After full production, the company will form an annual production capacity of 20GW monocrystalline silicon rods and 12GW monocrystalline batteries.
Longji said that the implementation of the project is conducive to enhancing the company's silicon rod and high-efficiency battery production capacity scale, optimizing the company's capacity layout and ratio, improving the company's integrated industrial chain competitive advantage, and enhancing the company's profitability. At the same time, the supporting construction of Longji Global Innovation Center project is to meet the company's future development planning and R & D and operation needs, which is conducive to optimizing the allocation of resources and providing infrastructure guarantee for the company's continuous R & D and innovation.
浙公网安备33010802003254号