PVTIME – On 8 October 2024, a series of projects with a total investment of 785.5 billion yuan (approximately US$110.99 billion) were launched in Sichuan Province, China, including a large-scale solar cell production base with a total investment of 11 billion yuan (approximately US$1.55 billion).
This solar cell factory is initiated by Bohai New Energy Company, a high-tech solar cell manufacturer with core R&D capabilities in TOPCon, HJT and IBC technology. The new facility includes sixteen production lines, which will be operational in the first half of 2025 to produce 20GW of high-efficiency solar cells per year. It is expected to generate an annual value of 21 billion yuan (approximately US$2.967 billion) and an annual tax payment of 800 million yuan (US$113 million).
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