Flat Group inks major solar PV glass sales agreement
2020-12-31 11:55:07 [Print]
Flat Group announced on December 30 that it has entered into a strategic cooperation agreement on the sales of solar photovoltaic calendered glass with Jinko Solar, with subsidiaries of both parties involved in the contract signing
The company also announced that its wholly-owned subsidiary Anhui Flat plans to invest about RMB4.35 billion (USD667 million) in building five photovoltaic module glass projects with daily melting capacity of 1,200t in Fengning modern industrial park.
. According to the agreement, Jinko Solar will purchase photovoltaic calendered glass used for 59GW module (about 338 million square meters) from 2021 to 2023, with price negotiated on a monthly basis . The total contract value is estimated at RMB14 . 2 billion (USD2 . 18 billion), which amounts to 151 . 15% of the total value of assets owned by Flat Group in 2019.The company also announced that its wholly-owned subsidiary Anhui Flat plans to invest about RMB4.35 billion (USD667 million) in building five photovoltaic module glass projects with daily melting capacity of 1,200t in Fengning modern industrial park.