China's Golden Sun Photovoltaic Pilot Project

workers reclaiming, upgrading, and recycling polysilicon raw materials
Reclaiming, upgrading, and recycling of polysilicon raw materials to be processed into solar ingots.

Solargiga Energy Holdings has been awarded a tender for a 13.5 megawatt photovoltaic power generation pilot project under the Golden Sun Programme to be implemented by the Chinese government. In accordance with the ‘Notice on the Successful Implementation of Photovoltaic Project of Golden Sun’ jointly issued by the Ministry of Finance, Ministry of Science and Technology, and Bureau of Energy, the Chinese government will implement a 642MW photovoltaic power generation pilot project under the Golden Sun Programme over the next two to three years, of which a 16.5MW photovoltaic power generation project will be carried out in Liaoning Province.

Following the Group’s success in commencing power generation of its 300kW photovoltaic pilot project in Jinzhou, Liaoning Province, the Group has been awarded the tender of a 13.5MW photovoltaic power generation project, accounting for over 80% of the total generating capacity of the Project to be implemented in Liaoning Province. The Project includes large-scale on-grid photovoltaic power generation, user-side on-grid photovoltaic power generation, and user-side roof-mounted photovoltaic power generation with a power generating capacity of 10MW, 3MW and 500kW respectively.

The Board considers that the success of the Group in getting over 80% of power generation capacity of the Project to be implemented in Liaoning Province marks the recognition of the Group’s advanced technological know-how, representing a significant milestone in diversifying its business to a downstream supply chain. With its continuous efforts in developing the downstream business, the Group strives to maintain sustainable growth and to capture market opportunities with a view to generating the best returns to the shareholders of the Company.

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