Flat Glass Group, a leading photovoltaic glass manufacturer based in China, has recently signed an agreement to invest three billion CNY in the development of a 1 GW thin film solar cell manufacturing facility.
The new facility, which is going to be built at Jiaxing, Zhejiang province of China, is expected to produce Cadmium telluride (CdTe) solar cells, which are known for their efficiency and price advantage.
The establishment of this new facility is expected to create numerous job opportunities and inject a significant amount of capital into the local economy. The facility is expected to generate an estimated three billion CNY in annual output value.
In addition to manufacturing solar PV glass, Flat Glass Group also produces and sells a wide range of other glass products, including float glass, architectural glass, and household glass.
CdTe solar cells are the second-most common photovoltaic technology, after silicon solar cells. According to CleanTechnica, as of 2022, they represented about one-third of the U.S. utility-scale solar market.
