Three Chinese PV firms will invest more than RMB 30 billion to build the world's largest PV manufacturing base in Haikou over the next five years, according to Bureau of Science Technology and Information Industry of Hainan Province.
Of the three firms, Yingli, plans to inject a total of RMB 11 billion into the city's PV industry between 2011 and 2013.
AVIC Sanxin, formerly known as Shenzhen Sanxin Specialty Glass Tech Co Ltd, will start a high-end specialty glass project in Haikou with an investment of RMB 3 billion during the period of 2011 to 2015.
Beijing-based investment company Hanergy Holding Group Ltd, formerly known as Farsighted Group, intends to spend a total of RMB 17.5 billion on four PV projects in Haikou, including a 1,000 MW thin film solar cell project and a 100 MW demonstration PV power generation station.
Xu Tangxian, mayor of Haikou, said the base is expected to lead China's PV industry after the five-year output expansion.