PVTIME – On 5 December 2023, Central New Energy Holding Group Limited (Central Newegy, 01735.HK), an investment holding company primarily involved in the construction industry, signed a cooperation agreement with the Management Committee of Huainan High-tech Zone, Anhui Province, China.
The agreement entails a joint endeavour to construct a solar cell manufacturing base, with the goal of producing 12GW high-efficiency solar cells annually, representing a total investment of 6 billion yuan. After completing two phases with a capacity of 6GW each, it is expected to generate an annual sales value of 4.8 billion yuan.
Meanwhile, the local government will start a Zero-Carbon park with a total investment of 5.5 billion yuan to cater for the demand of industrial users in Huainan City for new energy power consumption, with an estimated annual income exceeding 2 billion yuan.
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