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:
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