11.2 Billion Yuan! Shijing Environ-Tech to Start PV Module Manufacturing

PVTIME – Suzhou Shijing Environmental Technology Co.,Ltd. (301030.SZ), a China-based company mainly engaged in the R&D, production and sales of environmental protection equipment, announced recently that it has signed an Investment and Cooperation Agreement with Economic Development Management Committee of Ningguo City of Anhui Province, China, for high efficiency solar cell production project in the city.

The total investment is estimated to be no more than 11.2 billion yuan to reach an annual output of 24GW high efficiency n-type TOPCon solar cell with two phases. The first phase of the project is planned to be launched in April 2023 with an investment of 7.5 billion yuan to bring up 18GW n-type TOPCon solar cell annually.

And the PI is calculated to achieve sales revenue of approximately 20 billion yuan as well as tax revenue of more than 600 million yuan every year, once upon completion in November 2023.

Then the second phase of the project with an annual output of 6GW high-efficiency n-type TOPCon solar cell will be scheduled according to the completion of the first phase, and will be adjusted based on the actual progress which will not be the company’s performance commitment.