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The total investment and registered capital of the joint venture company are 675 million yuan and 200 million yuan respectively.
It is expected that the joint venture will begin construction of a production plant in the Longxiwan New District, Jinzhou, Liaoning Province, with a designed annual production capacity of 500 megawatts for solar multicrystalline silicon ingots and wafers. The new production plant will be constructed in two phases within five years. The first phase of production capacity will be 200 megawatts, and it is expected to take two years to complete, and plans to install 20 ingot furnaces, 30 sawmills and other equipment. The second phase of the production capacity will be 300 megawatts, and it is expected to take 3 years to complete, and plans to install 30 ingot furnaces, 45 5 Saw machines and other equipment.
Solar Energy Portfolio Produces Solar Polysilicon Ingots and Wafers
Sun Energy announced that it has entered into a cooperation agreement with Liaoning Aoke Chemical on the establishment of a joint venture company to engage in the manufacture of solar polysilicon ingots and wafers business. The company will hold a 37% interest in the joint venture company and the remaining 63% will be held by the joint venture partners.