250 Million Yuan! Aiko Solar to Acquire 2.12% Of Gaojing Solar Technology

PVTIME – On March 1st, Shanghai Aiko Solar Energy Co., Ltd.(600732.SH) released an announcement on participating in the capital increase of Guangdong Jinwan Gaojing Solar Technology Co., Ltd. (hereinafter referred to as “Gaojing”).

According to the announcement, Aiko solar plans to acquire Gaojing with cash, in order to strengthen upstream and downstream cooperation in the industry, give full play to the leading advantages of all parties in all aspects of the photovoltaic industry chain, and achieve win-win cooperation. The amount of capital contribution is 250 million yuan, accounting for 2.12% of the equity of Gaojing after the capital increase. The registration data of the industrial and commercial administration department shall prevail.

Currently, 182/210mm large-size silicon wafers are main products of Gaojing, and its R&D of N-type silicon wafer has been carried out and to meet mass production requirements. Gaojing expects to add up with production capacity of 30GW silicon wafer in 2022, to better serve the customers with its existing 36GW production capacity of solar cells. In the future, Gaojing plans to settle its silicon wafer production base with an annual output of 50GW and its new type of solar cell production base with an annual output of 26GW in Zhuhai City to bring profit to Gaojing and its collaborator.