|

In 2021, the total industrial output value of the city's industrial enterprises above designated size involved in the photovoltaic industry exceeded 50.52 billion yuan ($7.52 billion), accounting for one third of the province's total photovoltaic industry output value, according to the Jiaxing Municipal Bureau of Economy and Information Technology.

To expand the scale of the photovoltaic industry, the Xiuzhou National High-tech Zone signed an investment agreement with Canadian Solar, a leader in the global photovoltaic industry, in June 2017 and September 2020.

Receiving a total of 5 billion yuan in investment, Jiaxing high-efficiency solar photovoltaic modules and new technology research institute and a new material production base were built.

In 2021, three Jiaxing photovoltaic enterprises' output value exceeded 10 billion yuan. Jiaxing also has eight listed companies in the photovoltaic industry, including Flat Glass Group Co Ltd, Zhejiang Sunoren Photovoltaic Technology Co Ltd, and Altenergy Power System Inc.

From January to April, amid the COVID-19 pandemic, the city's photovoltaic industry maintained stable growth. Its output value was 20.591 billion yuan, a year-on-year increase of 29.8 percent.

In addition, in the first quarter of this year, about 29,800 new photovoltaic-related companies were registered in the city, with a monthly growth rate of 56.9 percent.