Tongwei Solar to Establish Manufacturing Base in China with CNY 20 Bn Financial Investment

• With an objective to target exports to European markets, Chinese solar battery supplier Tongwei Solar has actually just recently arranged a groundbreaking event of its photovoltaic (PV) commercial base project in Jintang County of Chengdu city in China.

With a complete financial investment of regarding CNY 20 billion, Tongwei Solar photovoltaic commercial base project will certainly build the yearly 30 GW high-performance solar battery as well as sustaining project in Chengdu City.

The project is anticipated a projected result worth boost of concerning CNY 70 billion and also will likely to develop greater than 10,000 brand-new tasks.

Even more, the phase-I of the project is most likely to be finished by the end of 2020 as well as will certainly start manufacturing at the start of 2021.

With this Jintang Project as a pilot, the business is reviewing to proactively perform the application of 5G in the field of commercial net as well as making the Jintang Project a version of 5G+ innovative production sector. It will certainly likewise advertise the building of PV environment-friendly clever community based upon the commercial production situation of the business.

Hence, the building of this commercial base project will certainly make complete use neighborhood benefits to developing a significant manufacturing base in Chengdu that emits to western China.

Via manufacturing in this base, the business is targeting the export of its PV items to the European markets.