On December 21, the Management Committee of Huishan Economic Development Zone, Wuxi City, Jiangsu Province and SUNOVA SOLAR successfully held the signing ceremony of "5GW HJT Advanced Production Line and Energy Storage Project". The first phase
of SUNOVA SOLAR project was officially put into operation in September 2021, with sales of 2.05 billion yuan in 2022, 2.2 billion yuan in January-November 2023, export volume of 1.969 billion yuan and tax revenue of 26 million yuan. At present, due to the improvement of HJT market and the rapid growth of orders, the company plans to invest in 5GW HJT advanced production line and energy storage projects. The total investment of the second phase of the project is about 2.05 billion yuan, the fixed investment is about 1 billion yuan, the planned land is about 130 mu , and about 140000 square meters of factory buildings are built. It is expected that the land will be taken and started in 2024 and put into operation in 2026. Production capacity will be reached in 2028.
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