402 major industrial projects that were launched in Jiangsu Province this year are progressing smoothly, the Provincial Department of Industry and Information Technology said over the weekend.
In the Yancheng Economic Development Zone, Canadian Solar, one of the world's largest and foremost solar power companies, has invested 3 billion yuan on a 3-Gigawatt high-efficiency photovoltaic cell project. The first phase of the project has been put into operation.
Thanks to the globally advanced technology such as Canadian Solar’s global patented diamond cutting method, its 400-watt double-sided black silicon poly-crystalline PERC module has achieved a conversion efficiency of 20.7%, the highest level in the world.
304 major investment projects launched this year are from the emerging industries. Their total investment reached over 500 billion yuan, accounting for 75% and 85% of the total number of industrial projects and investment in the province.
In the first four months of this year, the province's industrial investment increased by 2.5% year-on-year. The investment in emerging industries increased by 8.2% year on year, which has helped with the upgrade of the manufacturing industry and the growth of high quality.
The major industrial projects, especially those from emerging industries, have produced a number of new products with leading technology, broad prospects and strong driving force, such as the high-performance gear carburizing steel for rail transit equipment, high-strength and high-tough special welding materials, the manufacturing base for research and development of semiconductor integrated circuits and FMC pure electric car, which have jointly helped to boost the development of multi-billion-yuan industrial clusters.
In the first four months of this year, Jiangsu's high-tech industry grew by 6.9% year-on-year, nearly 2 percentage points higher than the overall industrial sectors.
Based on the current progress, 134 of the major industrial projects will be completed and put into operation at the end of the year.
When put into production, these investment projects will boost the sales revenue by more than 8.5 billion yuan and the new profits and taxes by 28.7 billion yuan, which will guarantee the stable and high-quality growth of the industry throughout the year.
