BOE to invest over USD$100 million in new perovskite PV pilot line

Reports suggest that a new pilot line for the production of perovskite solar cells has been approved by the administrative committee of Xinzhan Hi-Tech Zone, Hefei City, Anhui Province, China. 

The project is initiated by Hefei BOE PV Company, a holding subsidiary of BOE Technology Group Co. (BOE), a company that is known to have launched a project to enter the photovoltaic industry by investing in perovskite solar cells. BOE reportedly plans to invest 871 million yuan (approximately US$119.85 million) to set up the pilot line for perovskite solar cells. 


The plant is designed to produce 912,500 cells per year, but these cells will only be used for subsequent R&D testing and exhibition, not for sale as products. This particular pilot line is an additional part of BOE’s project focused on R&D of high-efficiency perovskite thin-film solar cells.

BOE started its photovoltaic business, especially perovskite solar cells, in 2023. Then, its PV subsidiary was established in March 2024, with a registered capital of 99.1 million yuan (approximately US$13.6 million), mainly engaged in the sale of photovoltaic equipment and products, and the manufacture of photovoltaic equipment and products.

Posted: Jul 09,2024 by Roni Peleg