10 Billion Yuan! Linyang Starts 20GW TOPCon Cell Project in Nantong City of China

PVTIME – A groundbreaking ceremony was held on 30 January 2023 for the start of construction of a high-efficiency n-type TOPCon solar cell production base and renewable energy-related projects by Jiangsu Linyang Energy Co., Ltd. (601222.SH), a China-based company mainly engaged in smart energy, energy conservation and renewable energy solutions.

The entire project is expected to be completed in three years with a total investment of 10 billion yuan, and the first phase of the solar cell project has been launched in January 2023 and will reach an annual output of 12GW n-type TOPCon with an investment of 5 billion yuan.

Part A of the PI project is scheduled to be completed in June 2023, while another part is scheduled to be completed in March 2024, reaching the 12GW production capacity by May 2024. Then the second phase of the project, which aims to achieve an annual output of 8GW of high-efficiency solar cells, will be on schedule, with a total investment of 5 billion yuan.

It is a milestone for the company to start the solar cell manufacturing business. The company intends to achieve its PV integration production target with its own production base including solar cells, modules and energy storage products, thus providing customers with core PV and energy storage equipment and solutions.