On March 13, Longi Green Energy Technology Co.Ltd(601012) , a leading photovoltaic enterprise and a well-known enterprise in Shaanxi, disclosed a large order of 19.5 billion yuan investment projects that attracted great attention of the industry.
According to the information disclosure, Longi Green Energy Technology Co.Ltd(601012) signed the investment cooperation agreement with Inner Mongolia Eerduosi Resources Co.Ltd(600295) Municipal People’s government and the people’s Government of Yijinholo banner on March 12, focusing on the investment and construction of 20GW monocrystalline silicon rod and chip project in mengsu Economic Development Zone, Yijinholo banner, Inner Mongolia Eerduosi Resources Co.Ltd(600295) City, Inner Mongolia Autonomous Region 30GW high-efficiency single crystal cell project and 5GW high-efficiency photovoltaic module project reached a cooperation intention. The estimated investment amount of the above projects is 7.6 billion yuan, 10.3 billion yuan and 1.6 billion yuan respectively, which is invested by the subsidiary of Longi Green Energy Technology Co.Ltd(601012) project.
“The project investment agreement signed this time is in line with the company’s future capacity planning, and is conducive to the company to give full play to its leading advantages in technology and products, seize the development opportunities of photovoltaic market, further improve the company’s capacity scale and continuously improve its market competitiveness.” Longi Green Energy Technology Co.Ltd(601012) said that the project is not expected to have an impact on the company’s current operating income. In the future, the board of directors will be held according to the project implementation plan to analyze and calculate the feasibility of the project and disclose it in time. The all media reporter of Xi’an newspaper also learned that according to the specific contents of the above investment cooperation agreement, the construction cycle of the project is clearly defined as “the production time of each project shall not exceed 6 months and the production time shall not exceed 24 months since the plant, warehouse and ancillary facilities are handed over to Party C’s project company for use”.
