PVTIME – Wuxi UtmoLight Technology Co., Ltd. (UtmoLight), a China-based leading technology developer in the industrialisation of perovskite photoelectric products, has announced the establishment of a manufacturing base for perovskite photoelectric products in Wuxi City, Jiangsu Province, China, with a total investment of 3 billion yuan.
The project aims to achieve a production capacity of 1GW of perovskite photoelectric products, which will be the world’s first GW-level production line focused on perovskite solar products, as well as production lines for 100 MT of calcium-titanium ore, an R&D centre and a headquarters building.
It is planned to be completed in 2024 and reach full production in 2027, creating around 1,200 jobs, 200 of which will be at master’s level or above. The annual production value is estimated at 2.5 billion yuan and the annual tax payment at 300 million yuan.
UtmoLight is invested by Great Wall Holdings and has been engaged in the commercialisation of perovskite photovoltaics, optoelectronics and materials since April 2020. By the end of 2022, the company completed a 150MW perovskite solar product manufacturing project with smart processing systems, and expects to supply related products to solar power projects very soon. With innovation as its driving force, UtmoLight takes industrialisation as its engine and strives to transform energy and build a green ecology.
