10.9 Billion Yuan! Gokin Solar Launches Solar Module Production Base in Guangzhou City of China

PVTIME – Gokin Solar Co, Ltd, a high-tech company focused on the research, development and production of high-efficiency, large-size photovoltaic silicon wafers, opened a solar panel manufacturing plant in Huadu District, Guangzhou City, China.

The facility will manufacture 182 and 210 large-sized high-efficiency solar module products with minimal attenuation, a low temperature coefficient, and high double-sidedness, with an estimated investment of 10.9 billion yuan. Once completed, the facility is projected to generate an annual output value of 20 billion yuan.

This development is a pivotal aspect of the Green Energy Valley Superbase. It will be a highly proficient, dynamic and promising PV landmark in the China Great Bay Area, and will significantly enhance the quality of economic and social advancement in Huadu District.

Moreover, on 1 June 2023, Gokin Solar issued a prospectus announcing their intention to pursue an initial public offering (IPO) of up to 12,503,057,800 shares. These shares will not be offered to the public by the shareholders and are set to make up 10% to 25% of the overall company shares after they are listed on the Shenzhen Stock Exchange (SZSE). However, the application was withdrawn on 27 September 2023, and it is presumed that the reason is linked to the construction of this particular project in Guangdong City of China.

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