9.15 Billion Yuan! Lingda Group to Launch 20GW Solar Cell Project in Anhui Province of China

PVTIME – Lingda Group Co., Ltd. (300125.SZ), a leading engineering technology company specialising in new energy development, environmental improvement and energy conservation, announced on 30 May 2023 that it will jointly invest in a high-performance solar cell production base with the Shizishan District Committee, Anhui Province, China.

Lingda Group plans to invest 9.15 billion yuan, accounting for 80% of the joint venture, to establish a solar cell production base with a production capacity of 20GW. The first phase of the project aims to achieve production capacity of 10GW of TOPCon solar cells, which will be operational in June 2024, and the second phase will achieve 5GW of TOPCon cells and 5GW of HJT cells.

An integrated production base covering the entire industry chain is expected by the local committee and Lingda Group, and another investment of 3.35 billion yuan is planned to be introduced into the production base in the future.

Scan the QR code to follow PVTIME official account on Wechat for latest news on PV+ES