PVTIME – Ancai Hi-Tech (600207.SH) announced that the company has signed a cooperation agreement with Boai Lingchuang for the establishment of Jiaozuo Ancai New Material Co., Ltd. to carry out the construction of a 180,000 tonne annual production rolled solar cell encapsulation glass project.
Ancai Hi-Tech believes that the rapid development of photovoltaic power generation in recent years is due to the continuous reduction in the cost of photovoltaic power generation. With the improved penetration of dual glass modules, the demand for photovoltaic glass has further increased, and the development of the photovoltaic glass industry is in a stage of rapid growth.
The establishment of the joint venture company this time to develop the 180,000 tonne annual production rolled solar cell encapsulation glass project is in line with the company’s own development and the demand of the market. The completion of the project will expand the company’s business scale, reduce production costs, help improve business stability, and further enhance the company’s photovoltaic glass market competitiveness.