On June 6, LONGi Green Energy issued an announcement on signing an investment agreement for annual production of 20GW monocrystalline silicon ingots, 24GW monocrystalline cells and supporting projects.
Investment targets: Annual production of 20GW monocrystalline silicon rods, 24GW monocrystalline cells and supporting projects. The overall plan of the project is divided into three phases, of which the first phase is the 20GW monocrystalline silicon ingot project and the 12GW monocrystalline battery project (hereinafter referred to as the "Phase I project"), and the second phase is the annual production of 12GW monocrystalline battery project (hereinafter referred to as the "Phase I project"). The second phase of the project"), and the third phase is reserved for expansion and supporting industrial chain projects (hereinafter referred to as "the third phase of the project"); at the same time supporting the construction of the LONGi Global Innovation Center project.
Estimated investment amount: The project subsidiary of LONGi Green Energy Technology Co., Ltd. (hereinafter referred to as the "Company") is expected to invest 7.5 billion yuan (including working capital) in the first phase of the project; the second and third phases of the project are funded by A and B The two parties will negotiate separately based on the implementation of the first phase of the project and the demand of the photovoltaic market. The two parties will determine the start time through friendly negotiation. The estimated investment amount of the second phase of the project is 3.5 billion yuan (including working capital), and the third phase of the project will be determined separately according to the investment content determined by the subsequent negotiations between the two parties. Estimated investment amount. The supporting LONGi Global Innovation Center project is expected to invest about 1.5 billion yuan by the company or its subsidiaries.
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