Chinese firm Xi’an Longi Silicon Materials Co Ltd (SHA:601012) said Tuesday it will add 100 MW of photovoltaic (PV) capacity in Hebei province under a governmental agricultural solar application scheme.
The company signed a strategic cooperation agreement for the industrial park project with the local government of Tangshan city’s district of Kaiping on September 25. The deal calls for a total investment of roughly CNY 800 million (USD 125.7m/EUR 111.6m), according to a statement on the Shanghai Stock Exchange.
Xi’an Longi expects to break ground on the project in May 2016, while completion of the park is estimated for December 2017. The agreement will be valid for a year, it noted.
The Chinese firm chiefly makes monocrystalline ingots and wafers for the solar industry. Last Friday, Xi’an Longi announced that it had signed a formal deal with the local government of India’s Andhra Pradesh to build a 500-MW PV factory there.