China South Industries Group Corp, a state-owned investment conglomerate, is to invest Rmb4.4bn to build a photovoltaic base in Wuhan, the capital of Hubei province. The base, which will be completed in two phases, is designed to have an annual output capacity of 500MW of both mono-crystalline silicon chips and mono-crystalline silicon solar cells.

Besides the PV market, CSGC has signed a strategic agreement with Yunnan government to develop several projects in the southwest Chinese province, covering sectors such as vehicles, new energy, electricity transportation and chemicals.