KUALA LUMPUR, April 22 (Bernama) -- Gansu Hengyuan Dongli New Energy Limited Company has signed contracts with several international solar buyers, opening new international sales channels for China photovoltaic new energy enterprises at the recent World Future Energy Summit in Abu Dhabi.
During the summit, representatives of Gansu Provincial Government of China and Jiuquan Municipal Government was also visiting Dubai and Saudi Arabia. The signing ceremony, held in Dubai, was attended by the leader of Gansu Province and mayor of Jiuquan.
Gansu Hengyuan Dongli New Energy President, Xian Xiaoli said ‘Green and Prosperity Together’ is the company’s development goal and ‘Technology Priority and Quality First’ is the standard it adheres to in exploring both domestic and international markets.
Responding to China's strategic call of "Carbon Peaking and Carbon Neutrality", the company in a statement said it has invested about four billion Chinese yuan (approximately US$553 million) in a six gigawatt (GW) photovoltaic module base project in Jiuquan City, covering an area of 152 mu, of which 2.4GW production line has been completed and put into operation, with the remaining still under construction. (US$1=RM4.78)
To form a fully closed-loop Hengyuan new energy equipment manufacturing industrial chain and build a new energy equipment manufacturing industry demonstration park, the company plans to build an inverter factory, a photovoltaic bracket factory as well as a wire and cable factory in the later stage, covering an area of about 160 mu, with investments about two billion Chinese yuan.
Hengyuan Photovoltaic Module focuses on high power output and extreme reliability and is committed to reducing the overall system cost and improving investors' income.
It adopts the latest high-efficiency intelligent production line equipment to meet various specifications of products, as well as established in-depth cooperation with well-known enterprises at home and abroad to jointly promote the research and development (R&D) and application of new energy technologies.
Furthermore, it has established a New Energy Technology Research Institute in Jiuquan, Gansu Province, led by a team of national experts and academicians from China, focusing on the investment in the R&D field of new energy technologies.
This will ensure the continuous upgrading and iteration of enterprise industrial technologies, while promoting the rapid development of new energy industries in the local and even western regions with services.
-- BERNAMA
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