Tongwei Solar to Set up Production Base in China with CNY 20 Bn Investment

With an aim to target exports to European markets, Chinese solar cell manufacturer Tongwei Solar has recently organized a groundbreaking ceremony of its photovoltaic (PV) industrial base project in Jintang County of Chengdu city in China.

With a total investment of about CNY 20 billion, Tongwei Solar photovoltaic industrial base project will construct the annual 30 GW high-performance solar cell and supporting project in Chengdu City.

The project is expected an estimated output value increase of about CNY 70 billion and will likely to create more than 10,000 new jobs.

Further, the phase-I of the project is likely to be completed by the end of 2020 and will begin production at the beginning of 2021.

With this Jintang Project as a pilot, the company is mulling to actively carry out the application of 5G in the field of industrial internet and making the Jintang Project a model of 5G+ advanced manufacturing industry. It will also promote the construction of PV green smart town based on the industrial manufacturing scenario of the company.

Thus, the construction of this industrial base project will make full use of local advantages to building a major production base in Chengdu that radiates to western China.

Through production in this base, the company is targeting the export of its PV products to the European markets.