20 Billion Yuan! CGN to Start Photovoltaic Module Manufacturing and Tracking Bracket Business

PVTIME – On April 28, a signing ceremony for major projects in the new energy industry was hold in Wenzhou City, where many of Chinese leading new energy enterprises gathered for signing renewable projects, with an estimated investment of 125.8 billion yuan, of which there were two PV-related projects.

CGN Nuclear Technology Development Co., Ltd. (000881.SZ) signed for the development and construction of new energy projects such as offshore wind power, pumped storage, photovoltaics, onshore wind power, hydrogen production and energy storage projects. With a total investment of 20 billion yuan, CGN plans to perfect its new energy industry chain projects with offshore wind power generation, high-efficiency photovoltaic module manufacturing and intelligent photovoltaic support systems, energy storage and power battery production, and hydrogen energy.

Another solar project named Yueqing 1# tidal flat photovoltaic project will be invested and constructed by Wenzhou Hengtai New Energy Development Co., Ltd., a company founded in August 2021, with a total investment of 2.5 billion yuan. Once upon completion, the average annual power generation is planned to be about 724 million kWh, which is equivalent to saving 236,100 MT of standard coal and reducing carbon dioxide emissions by about 589,600 MT.