A 4G W heterojunction photovoltaic cell project in Zhejiang is to be terminated!

On July 4, Baichuan Changyin issued a progress announcement on the signing of a cooperation agreement on high-efficiency heterojunction battery projects and foreign investment.

The announcement shows that on September 12, 2023, the company signed the Cooperation Agreement on High Efficiency Heterojunction Battery Project with the Management Committee of Moganshan High-tech Industrial Development Zone in Huzhou (hereinafter referred to as "Moganshan Management Committee").

The agreement stipulates that the company intends to invest about 1.4 billion yuan in the fixed assets of the project with an annual output of 4GW high-efficiency heterojunction batteries in Moganshan High-tech Industrial Development Zone, Huzhou (the final total investment is subject to the actual investment amount), and build 8 high-efficiency heterojunction battery production lines . After the completion of the project, the project subsidiary will have an annual production capacity of 4GW high-efficiency heterojunction batteries. The project will be constructed in two phases, with 2GW in the first phase and an investment of about 800 million yuan .

In view of the fact that the project construction is affected by many factors, such as the macro environment, the change of the market environment of the photovoltaic industry , the financing environment, the implementation conditions of the project construction, and the cooperation progress of the relevant parties of the project construction. As a result, the project can not advance the construction progress according to the original plan.

Combining with the company's overall development plan and market conditions, in order to optimize the company's resource allocation, reduce investment risks, and effectively safeguard the interests of the company and all shareholders, the project company, Zhejiang Baichuan Changyin New Energy Co., Ltd. Reach an agreement. On June 16,

2025, the company and the Moganshan Management Committee signed the Supplementary Agreement on High Efficiency Heterojunction Battery Project, which reached an agreement on the return of growth incentives and the storage of project land.