On the afternoon of June 16, the project of Tianchen Energy Optical Storage Integrated New Energy Industry Base with a total investment of 11.6 billion yuan was formally signed.
The project site is located in Wuhu Fanchang Economic Development Zone, with a total planned land area of about 660 mu, and a new integrated manufacturing base for 20GW high-efficiency solar cells, 20GW energy storage converters and energy storage systems.
The project is invested and constructed by Tianchen Co., Ltd., a listed company. Its wholly-owned subsidiary, Tianchen Energy, takes green energy as its main industry and fully implements the development strategy of " photovoltaic energy storage, one body, two wings ". Its partners are well-known new energy technology enterprises at home and abroad. On May 5,
2023, Tianchen announced that the company had recently signed the Investment Framework Agreement with the People's Government of Fanchang District, Wuhu City, Anhui Province, to invest in the construction of a new energy industry base with a total investment of 11.6 billion yuan. Officially announced cross-border photovoltaic, energy storage and other new energy industries.
Previously, the main sources of Tianchen's business income were Tianchen Health City 1A project, property leasing and taxi business. In addition, the company completed the reconstruction and construction of the rehabilitation hospital in 2022.
Due to the lack of accumulation and experience in the new energy business, Tianchen Energy said that it would set up a new team to carry out the specific operation of the project. Last year, the company appointed Wen Zhenli, former vice president of Longji Green Energy Industry Research Institute, as the head of the company's strategic development department, and will actively introduce new energy business related talents.
Source: Digital New Energy DNE
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