PVTIME – On 12 September 2023, Jiangsu Boamax Technologies Group Co (002514.SZ), a company mainly engaged in heavy truck power exchange, energy storage, comprehensive energy, power grid flexibility peak shaving projects, R&D, manufacturing and sales of solar cells, signed with China Huaneng and the People’s Government of Huaiyuan County, China for the construction of distributed solar project.
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The new project is intended to achieve an installed capacity of 1GW, with an investment of 5 billion yuan. It will commence shortly, utilizing Boamax’s independent research and development of a novel, high-efficiency HJT modules. Once completed, the solar system as a whole will generate roughly 1 billion KWh of electricity annually, while reducing carbon dioxide emissions by around 1 million tonnes per year.