5.9 Billion Yuan! Gree Participates in Hongjun’s High-Efficiency Solar Cell Project

PVTIME – The Hongjun high-efficiency solar cell production base which was launched on 13 April 2023 in Zhuhai City, Guangdong Province, China, with a total investment of 5.9 billion yuan, updated that its energy efficiency report was approved.

The project was started by Zhuhai Hongjun New Energy Co., Ltd., a subsidiary of Zhuhai Gree Group Co., Ltd., which is a primary manufacturer of home appliances, in collaboration with the local government. Gree Group invested approximately 1.4 billion yuan in customizing the facility and workshops. According to the plan, the project aims to manufacture 7.2GW of solar cells and 5GW of modules per year, upon completion in three phases. The first phase of the project will finish by the end of 2023, and the entire project is expected to be completed by the end of 2025.

The aim of this project is to promote Zhuhai City as a photovoltaic capital and a national demonstration city for green, low-carbon development. After the project is completed and starts operating, its total annual energy consumption will be capped at 44,300 tonnes of standard coal equivalent, which includes an annual limit of 359,360,000 kilowatt-hours of power. The project aims to limit energy consumption per unit of cells to 360,000 kWh/MW and per unit of modules to 19,800 kWh/MW. When fully operational in 2025, the project is expected to generate an annual output value of approximately 11.8 billion yuan, an annual tax revenue of approximately 500 million yuan, and create nearly 1,900 new jobs.

Moreover, the project is designed to become the world’s leading production base for 1GW HJT cells while also functioning as a high-tech research and development center. The center will recruit a team of experts, including over 70 individuals with Master’s degrees and 30 individuals with PhDs, to collaborate with Cambridge University’s Perovskite Research Laboratory to jointly develop the stacking technology of HJT and Perovskite cells.

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