TBEA generous as subsidiary "blood" efforts to build photovoltaic industrial park

TBEA last week issued a proclamation declaring TBEA Xinjiang New Energy Co., Ltd. to its subsidiary TBEA Hami New Energy Co., Ltd. replenishment of 50 million yuan for the construction of their investment and Hami photovoltaic industrial park . TBEA want to seize market opportunities , strengthen manufacturing services to upgrade and enhance the core competitiveness of new energy companies . The company plans to Hami Hami company as the main body in the region to establish PV production base, expansion of solar PV inverters , PV modules and other related businesses.

In the production base construction , the project intends to requisition land 454 acres site is located in Hami City , Guangdong Industrial Processing Zone , the land price is expected to total 6,056,400 yuan , purchase and install photovoltaic inverter , battery components , aluminum frame, high and low voltage distribution cabinet and other key equipment , supporting the construction of production plants, the station house , R & D building and so on. Project investment of about 60 million yuan , 150 million yuan of liquidity matching all the construction period is 2 years after completion of the project , with an annual output of solar PV inverter 300MW, PV modules 300MW, while supporting the production of photovoltaic power plants with high and low voltage distribution cabinet , components, aluminum frame and other products, production is expected to reach an average annual revenue of 1.378 billion yuan , an average annual total profit of 29.29 million yuan .

The impact on the company , said the project TBEA TBEA Xinjiang conducive to the promotion of new energy photovoltaic industry chain business growth , help enhance the market competitiveness of the new company , to solve local employment, have a role in maintaining social stability , the project with good economic and social benefits. But the company also recognized as the new domestic and foreign enterprises , expansion of production capacity gradually , photovoltaic products manufacturing enterprises increased competition ,

Lower prices may lead to the risk of not achieving the expected benefits . Previously , TBEA late last year in Xi'an High-tech Zone is also a similar investment in building photovoltaic industrial park , the industrial park solar cell production capacity of 500MW, PV module production capacity 500MW, annual production capacity of photovoltaic inverter power 1GW, photovoltaic system integration scale 300MW.

May occur in response to excess capacity , TBEA said the company will pay close attention to domestic and international market demand dynamics, full use of the whole industry chain advantages , according to appropriately control the scale of construction market conditions . The company will actively carry out scientific research and innovation, improve the technical level, to strengthen management controls , reduce production costs and enhance product competitiveness, through technology, scale, resource combining various methods , and strive to achieve the expected benefits.