RMB 11.2 Billion! CR Power & Akcome kick off 8GW solar cell project

PVTIME – Recently, a project focuses on solar cells and high-efficiency modules production which signed by China Resources Power Holdings Co., Ltd. (0836.HK)(hereinafter referred to as CR Power), Akcome Group and the Government of Ruian City was kicked off.

The project is invested by CR Power and Jiangsu Akcome Science & Technology Co., Ltd.(hereinafter referred to as Akcome) with a total investment of RMB 11.2 billion.

The planned construction period is 3 years with a total land area of about 666,667 square meters, and the total construction area is about 720,000 square meters. The project includes two phases and both of them will focuses on 4GW photovoltaic cells and 4GW high-efficiency photovoltaic modules production.

Once upon completion, 3,800 jobs can be provided by the project. Meanwhile, the annual output value of the project is expected to be about 16 billion yuan, the net profit is about 1.84 billion yuan, the annual tax revenue will be more than 500 million yuan.

The project will be a positive influence for altering the local energy structure, promoting the development of the whole industry chain of clean energy such as photovoltaic and hydrogen energy industries.