According to EnergyTrend, on April 16, Aiko Solar issued two important announcements. First, it disclosed the upgrade and renovation of photovoltaic cell production capacity at its Yiwu and Chuzhou bases. Second, it signed equipment procurement contracts to fully advance the layout of its N-type ABC high-efficiency cells.
Total investment of RMB 1.665 billion, capacity shift to ABC technology
In response to demand for high-efficiency N-type cells and to optimize its capacity structure, Aiko Solar plans to carry out technical renovations at its two major bases in Yiwu and Chuzhou with a combined investment of RMB 1.665 billion. The company will upgrade existing PERC and TOPCon capacity to ABC cell production capacity, maximizing the reuse of original production equipment while supplementing new process equipment and supporting power facilities as needed.
Among them:
- Yiwu Base (Zhejiang Aiko Solar Plant 4): A 5GW PERC cell technical renovation project with an investment of RMB 721 million. Construction will start in Q2 2026 and production will commence in Q3 2026. Located in Yiwu Optoelectronic Industrial Park, the project will renovate an existing PERC production facility.
- Chuzhou Base (Chuzhou Aiko Solar Phase I): A 6GW TOPCon cell technical renovation project with an investment of RMB 944 million. Construction will start in Q3 2026 and production will begin in Q4 2026. The project is situated in Chuzhou Quanjiao Industrial Park.你Funding will be raised through self-owned capital, financing from financial institutions, industrial ecological cooperation and other channels, with payments made in installments in accordance with contract milestones. The company has simultaneously terminated its previous plans to convert PERC capacity to TOPCon in Yiwu and the unimplemented TOPCon project in Chuzhou, focusing fully on the ABC technology route.
Procurement of RMB 45.9 million worth of PV equipment to support ABC production lines
On the same day, Shandong Aiko Solar, a subsidiary of the company, plans to sign a contract with related party Suzhou Puite to procure 6 sets (10 units) of wet-process production equipment for photovoltaic cells, with a total tax-inclusive price of RMB 45.90 million. The equipment will support the new-generation ABC production line at the Jinan base, ensuring mass production of the third-generation N-type ABC technology, improving conversion efficiency and reducing production costs.
Suzhou Puite is a long-term supplier of wet-process equipment to the company, with capabilities in R&D and delivery of core ABC equipment. The procurement takes into account technical confidentiality and process adaptability requirements.
This transaction constitutes a daily operational procurement, has been reviewed and approved by the board of directors, and does not require approval from the shareholders' meeting. The announcement also disclosed that the two parties have conducted a total of 13 connected transactions totaling RMB 171 million in the past 12 months, of which RMB 166 million in previous transactions had been approved by the shareholders' meeting.
Source：EnergyTrend
