50GW! Gaoce Technology to Launch Large-Size Solar Wafer Project in Sichuan of China

PVTIME – Qingdao Gaoce Technology Co., Ltd.(688556.SH)(hereinafter referred to as Gaoce Technology), a company specialising in R&D, production and sales of hard and brittle material slicing equipment and cutting tools, signed an agreement on 12 April 2023 to build a large-size wafer processing project in Yibin City, Sichuan, China.

The project will be completed in two phases with a total investment of 5 billion yuan. The first phase is planned to produce 25GW of large-size solar wafers per year, which will reach production in 2024, and the second phase will start another 25GW six months after the operation of the first phase.

The total planned production capacity of Gaoce Technology’s wafer processing has reached 102GW to date, of which 21GW has been put into operation. In addition, the total revenue of its wafer production has reached 929 million yuan in 2022, an increase of 788.15% year on year, and its expansion continues.