4.1 Billion Yuan! TCL Zhonghuan to Invest in 35GW Solar Wafer Project

PVTIME – TCL Zhonghuan Renewable Energy Technology Co. (TCL Zhonghuan)(002129.SZ), a leading manufacturer and distributor of discrete semiconductor devices, has reached an agreement with the Management Committee of Yinchuan Economic and Technological Development Zone on 15 February 2023 to invest in a 35GW high-purity ultra-thin solar wafer project, the fifth phase of the DW project, to jointly build a world-leading PV manufacturing base in the Ningxia region of China.

The DW Phase V project aims to establish a super smart factory, leveraging TCL Zhonghuan’s technology and manufacturing capabilities and the rich solar resources in Ningxia, with a total investment of 4.1 billion yuan, to promote its G12 product and technology with 4.0 design concept. The automation of the whole process will be further enhanced to increase labour productivity by 150% compared to the average data of traditional factories, effectively reducing production costs, improving production efficiency and yield, with high quality and reliable products.

The new DW Phase V factory, which is an expansion project of TCL Zhonghuan’s Phase VI, is scheduled to be launched on 18 February 2023 and completed in Q4 2023 to achieve a production capacity of 35GW of G12 wafers.

The project is designed to build a high-tech mass PV manufacturing base to meet the growing demand and reduce the LCOE and BOS costs, thereby promoting photovoltaic power generation in the global energy transition.