Darenergy Signs Agreement for RMB 15 billion Silicon-based New Material Industrial Park Project in Xinjiang

On the evening of December 13th, Darenergy announced that the company has recently signed a "Project Investment Agreement" with the Shihezi Municipal Government, the Shihezi Economic and Technological Development Zone Management Committee, and Tianfu Energy to invest in the construction of the "Darenergy Silicon-based New Material Industrial Park Project" in Shihezi, Xinjiang.

The announcement indicates that the Darenergy Silicon-based New Material Industrial Park Project plans to invest a total of RMB 15 billion in fixed assets. The project is planned to be constructed in two phases, with the first phase intending to invest RMB 7.5 billion to build a production facility capable of producing 50,000 tons of polycrystalline silicon annually, along with supporting facilities for 150,000 tons of industrial silicon and 1.2 million silicon wafers. The second phase plans to invest RMB 7.5 billion to build a production facility capable of producing 50,000 tons of polycrystalline silicon annually, along with supporting facilities for 150,000 tons of industrial silicon and 1 million silicon wafers.