Nearly 1.4 billion yuan! Triumph New Energy invests heavily in the construction of a 2000t/d ultra-thin packaging material project for PV modules

Beixing Solar PV Network learned that on June 28, Triumph New Energy announced a plan to actively respond to industry competition and challenges, increase the proportion of advanced large-tonnage capacity, improve production efficiency, and reduce unit manufacturing costs. Its holding subsidiary, Zigong New Energy, intends to invest in and construct a 2000t/d ultra-thin encapsulation material project for PV modules. The company and Zigong New Energy's other shareholder, Zigong Jinma Industrial Investment Co., Ltd., will jointly contribute 500 million yuan in cash to Zigong New Energy on a pro-rata basis, specifically for the investment in the project construction.

It is understood that the 2000t/d ultra-thin encapsulation material project for PV modules by Zigong New Energy is located in the Yantan Industrial Park, Yantan District, Zigong City, Sichuan Province, with a total investment of approximately 1.3992 billion yuan.

The project plans to purchase 558 mu of new land on the west side of Zigong New Energy's existing factory site to construct a 2000t/d ultra-clear PV rolled glass production line, along with eight supporting production lines for ultra-thin encapsulation materials of PV modules. New buildings such as a rolled glass combined workshop, a deep processing workshop, a raw material system, a broken glass system, and an 110kv substation will be constructed, with a total construction area of 185,170.79m2. Auxiliary production facilities such as a circulating water system, a power supply and distribution system, a wastewater treatment system, an air compression system, a cogeneration power station, and a wall-mounted PV power station will also be provided.

The construction period of the project is 12 months. After the project is put into operation, it is expected to generate an average annual sales revenue of 1.75308 billion yuan and an average annual after-tax profit of 85.68 million yuan. The project's investment payback period is 8.63 years (after-tax, including a 1-year construction period).

The implementation entity of the project is Zigong New Energy, a holding subsidiary of Triumph New Energy, whose main business is the R&D, production, and sales of solar PV glass and deep-processed glass.

Triumph New Energy stated that the 2000t/d ultra-thin encapsulation material project for PV modules, which is being invested in and constructed this time, has strong competitive advantages in terms of process technology, production line scale, and product variety. It aligns with the company's long-term development strategy and will help accelerate the implementation of the "low-cost, large-tonnage, multi-specification" business strategy, improve production efficiency, reduce unit manufacturing costs, and further consolidate and enhance the company's industry position and market competitiveness.