882 Million Yuan! Jolywood to Increase Solar Backsheets Production Capacity

PVTIME – Recently, Jolywood (Suzhou) Sunwatt Co., Ltd.(300393.SZ), a leading manufacture of bifacial modules with n-type cells and TOPCon technology, announced to expand its production capacity of photovoltaic backsheets by Jiangsu Jolywood New Material Technology, a wholly-owned subsidiary of Jolywood.

According to the announcement, 882 million yuan will be invested in the backsheets project to deliver transparent, white, black and other universal ones for general products with an annual output of 250 million square meters. The first phase of the project is planned to reach an annual production capacity of 100 million square meters of solar backsheets by the end of 2023. And the second phase will be launched once the company is permitted to use the land, and the construction period is planned to be 18 months. For 150 million square meters of backsheets in the second phase, 50 million meter square is scheduled for every 6 months.

This project is an important step for the company to expand its production capacity of solar backsheets, stated Jolywood. It is aligned with its strategic development in long run, although a large number of funds and cash is required. Jolywood will arrange these funds on its own capital or self raised as planned. This project is expected to improve Jolywood’s profitability and its market share in the industry.