The news was announced just before the 5th SNEC PV kicked off. China-based Puxing Chengda signed a final contract, worth 300 million, for a polysilicon factory, and a 3 billion strategic partnership agreement for an integrated solar cell and module factory with the two German companies.
A spokesperson for Schmid told pv magazine that the company will supply both a complete lum sum (fixed price) polysilicon turnkey factory, and a vertical fully integrated PV factory, which covers the whole chain from polysilicon to the final module.
The polysilicon facility is expected to be fully operational within two years, while the cell and module factory will be ready for production within the next four. It is set to have a total capacity of 2.5 gigawatts, which will be implemented gradually. Both facilities will be located in Wujiaqu City, China.
"This new production concept will bring the industry another step closer to grid parity and therefore allowing photovoltaic to become an indispensable part of the future worldwide energy mix," commented Christian Schmid during his speech at the signing ceremony, which took place in the presence of Jiao Mingqi, Secretary of the Party Committee, Political Commissar and chairman of National Progress Committee of Xinjiang Wujiaqu, Zhao Yuwen and vice chairman of China Renewable Energy Society.
The Chinese company, which was set up in November 2010, will reportedly invest a total of RMB10 million (around USD$1.5 billion; 1.1 billion) in building a PV industrial park and solar production base. According to a statement released, this will include a total silicon capacity of 15,000 tons, 2.5 gigawatts of solar cell and module production, and a 500 megawatt thin film line.