15, Xiexin Integration announced that it planned to build a 12 GW high-efficiency photovoltaic module project in Funing Economic Development Zone, Jiangsu Province. The total investment of the project is estimated to be about 2 billion yuan, and it is expected to be put into operation before October 30, 2023.
Xiexin Integration said that the global photovoltaic industry has maintained rapid growth, benefiting from the strong market demand brought about by the global energy structure transformation and energy security strategy. The company plans to invest in the construction of 12 GW high-efficiency photovoltaic module project in Funing Economic Development Zone, which can speed up the production capacity layout of the company's high-efficiency photovoltaic modules and further enhance the company's market competitiveness and profitability.
In 2022, China's new PV installed capacity achieved high growth. According to CPIA data, the new PV installed capacity in 2022 was 87.41 GW, up 59.3% year-on-year, ranking first among all power generation modes.
According to the forecast of relevant agencies, the global PV installed capacity is expected to reach 350 GW in 2023, the PV installed capacity in China is expected to reach 120-130 GW in 2023, and the PV installed capacity in the EU is expected to reach 60 GW in 2023.
In order to seize the fast-growing photovoltaic market share, Xiexin Integration said that the proposed new Funing 12GW high-efficiency photovoltaic module production base will meet the market demand of mainstream and new high-efficiency photovoltaic modules with scale, centralization, specialization and intellectualization . It will strongly support the landing of the company's main photovoltaic terminal strategy and further enhance the company's market share and industry status.
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