$862m solar cell project in Fushan begins 2-yr construction
Hongjun New Energy's 5.9-billion-yuan ($862-million) project on new-type high-efficiency heterojunction solar cells, located in Doumen's Fushan Industrial Park, broke the ground on April 13. This prominently contributes to the city's cultivation of a 100-billion-yuan ($14-billion-level) new energy industrial cluster.
The project will cover a total area of 300 mu (20 hectares, 49 acres) and have a floorage of 300,000 square meters (74 acres). Of note, the project also features customized factories, which will be built by Gree Group.
The project will be constructed in three phases, and will become a high-end manufacturing base for new-type high-efficiency heterojunction solar cells and modules. Upon operation, the project will have an annual production capacity of 7.2 GW battery pieces and 5 GW modules. By 2025, it is expected to generate an annual income of around 11.8 billion yuan ($1.7 billion), have a tax revenue of 500 million yuan ($73 million), and employ around 1,900 people.
Groundbreaking ceremony [Photo by Liang Guanxian / Guanhai App]
The project will install and utilize large cavity routing equipment, made by Junshi Energy, which is the only company able to produce 1GW-level heterojunction equipment. Its application will greatly improve equipment efficiency, yield, and production capacity, while also reducing the production costs.
Li Changhong, general manager of Hongjun New Energy, noted that the project will also build a high-standard research and development base which will cooperate with the University of Cambridge's laboratory to introduce more than 70 master talents and over 30 high-caliber industrial talents with doctorate degrees or above.
Hongjun New Energy was jointly invested in by Zhuhai Fuhong Juneng, Primavera Capital, Gree Financial Investment, and the State-owned Assets Supervision and Administration Commission of Doumen District. Its project in the Fushan Industrial Park will make full use of the rich investment channels and global networks of Primavera Capital and Gree to explore markets. It will also help transform Zhuhai into a national demonstration city for green and low-carbon development.