Aiko Energy has approved a plan to invest CNY 9.978 billion in a 10 GW solar cell and module manufacturing facility in Jinan, Shandong Province of China. The project is scheduled to commence in Q1 2024, aiming for production by H1 2025.
This initiative follows Aiko Energy’s commitment in April 2023 to build a 30 GW high-efficiency solar cell and 30 GW module facility in Jinan. The location benefits from favorable policies, aligning with national strategic goals for ecological protection and high-quality development.
Aiko Energy plans to utilize its mature All-Back Contact (ABC) solar technology for production. ABC cells have a commercial conversion efficiency of over 26.8%, with module efficiency surpassing 24%.
The project is expected to enhance Aiko’s market position and contribute to green and low-carbon development goals.
Financially, the company intends to manage the estimated investment over 1-2 years, securing funds through various means, including internal funds, government subsidies, and financial institution financing.
