China Construction invests 500 million yuan in photovoltaic industry

On September 13, SASAC website news showed that in recent days, China Construction (601668.SH) modernized R&D and processing base for photovoltaic integrated building settled in Zhuzhou with an investment of 500 million yuan.

According to the plan, the project plans to use 200 acres of land and a building area of ​​100,000 square meters. It will be officially put into use in May 2011. It is expected that the annual output value will reach 1 billion yuan, and it will become China Construction’s wholly-owned subsidiary China Construction Fifth Bureau. The amorphous silicon thin film battery and photovoltaic curtain wall R&D center, photovoltaic curtain wall production base, building curtain wall production base, and regional headquarters of the Central South region.

According to the announcement issued by China Construction, in March 2010, the China Construction Fifth Division signed a strategic cooperation agreement with Zhuzhou Hi-tech Zone. The scope of cooperation includes the urban infrastructure, park development and construction, and real estate development in the High-tech Zone, involving a total investment of approximately 60 yuan. 100 million yuan. China Construction stated that this project is part of the framework agreement for strategic cooperation between China Construction and Zhuzhou National High-tech Zone.

The company stated that this project is the first step in the industrialization of China Construction Photovoltaic Power Grid curtain wall. In 2008, the roof of the new office building of the China Construction 5th Bureau adopted a self-developed shutter-type amorphous silicon photovoltaic wall, becoming the largest amorphous silicon in China. The solar energy photovoltaic curtain wall demonstration project has reduced the cost by 40% compared with the existing products, improved the insulation performance by 200%, and increased the power generation by 50% under the same battery power.

In 2009, many ministries and commissions such as the Ministry of Finance, the Ministry of Housing and Urban-Rural Development, and others intensively issued a number of documents relating to photovoltaic taxation subsidies. China’s relevant government agencies are strengthening their legislative guidance and integrating photovoltaics and buildings, while also providing subsidies for photovoltaic industry subsidies. Follow up synchronously.

According to relevant policies, the subsidy standard in 2009 is set at 20 yuan/Wp in principle, and the specific standards will be determined according to factors such as the degree of integration with buildings and the advanced level of technology of photovoltaic products. By 2010, the subsidy has been adjusted accordingly. The standard is: For building materials and component-type photoelectric building integration projects, the subsidy standard is set at RMB 17/Wp in principle; for the installation of photoelectric buildings combined with roofs and walls For the project, the subsidy standard is set at RMB 13/Wp in principle.

CITIC Securities believes that from the perspective of subsidies, the subsidy standard has a clear intention to tilt building materials and component-type photovoltaic building projects. It intends that solar photovoltaic modules and buildings have a higher degree of integration.

China Construction is China's largest building real estate conglomerate group. In 2010, it ranked 187th among Fortune Global 500 companies. In 2009, the company achieved operating income of 260.4 billion yuan. From January to August 2010, the company's construction industry accumulated new The amount of contracts signed was 349.4 billion yuan, a year-on-year increase of 55.5%.