| Taiwan’s Sun Well Solar Co Ltd, which belongs to CMC Magnetics Corp, on Jan. 29 signed an agreement with Nanjing New High-Tech Zone to build a US$600-million manufacturing base that will have an annual production capacity of 300 MW of thin-film solar cells by 2015, sources reported.
It will be the first thin-film solar manufacturing base in Nanjing. The first phase of construction will cost US$100 million and result in a plant with an annual production capacity of 50 MW.
Reportedly, the plant will use a process that will require only one-fiftieth of the raw silicon needed by traditional technology to make the same products.
China’s photovoltaic industry has developed at the rate of more than 40% per year. Jiangsu, which accounts for 70% of China’s capacity, has more than 70 photovoltaic enterprises and nearly 500 supporting enterprises. Enterprises in Nanjing account for a relatively large part of Jiangsu’s photovoltaic production.
Sun Well Solar was founded by CMC in 2008 and is now one of Asia’s largest thin-film cell producers. |
