Chapter 5 Joint New Energy

After three months of hard work, in early May, Tongnan New Energy reached an understanding agreement with Tongzong Group, and Tongzong Group will sell all its rights and interests in Xifu Solar Energy Company at a price of 10 million. Liantou finally acquired Xifu Solar at a total price of 50 million, including the new factory building and office laboratory building, a test machine and some research results and patented technologies in the past three years, and officially changed its name to United Solar Power, this time from the introduction of photovoltaic cell production lines, will be directly installed in the plant of United Solar Power.

Tongnan New Energy changed its name to United New Energy Lighting Co., Ltd., Lin Quan continued to increase its capital by 10 million to United New Energy Lighting, and placed the applied research laboratory completely under the name of Liantou, and United New Energy Lighting Co., Ltd. also received 50 million capital injections after paying off the loan, which will focus on the research and development and production of photovoltaic lighting systems.

In mid-June, Linquan formally established United New Energy Group, including Engineering Research Center, United Solar Power, United New Energy Lighting, and United Mechanical and Electrical Equipment Company. So far, the core department of United New Energy is the Engineering Research Center, which includes a basic research experiment, an applied research laboratory, two joint laboratories in cooperation with Jinghai University and the provincial government, and cooperative research groups established with several universities and research institutes.

Zhang Biyun served as the president of the group, Li Li served as the assistant to the president, Sun Feifei served as the chief financial officer, Dai Ming served as the director of the engineering research center, hired Mr. Yan Lihuang as the consultant, Ma Jian as the general manager of United New Energy Lighting, Xu Hongfa as the general manager of United Solar Power, Yuan Xin as the general manager of the marketing department, and gave the right to purchase silicon raw materials to the marketing department, Qian Weiguo as the manager of the purchasing department, and the general manager of the United Mechanical and Electrical Equipment Company was Shi Mingquan who was hired externally.

As a result, the shelves erected by Jinghai United Investment Group within half a year have been empty again. Most of the financial personnel and administrative staff, together with the employees of the original Tongnan New Energy and the researchers of the Xifu Postdoctoral Workstation, have become the backbone of the United New Energy Group. Since March when Jinghai joint investment in Tongnan New Energy, Tongnan New Energy has begun to expand on a large scale, absorbing almost half of the graduates of the Department of Electrical Engineering of Jinghai University this year, and at the same time introducing a large number of outstanding undergraduate and master's graduates from well-known universities such as the province. Of course, for these students who have not yet graduated, United New Energy is just their internship base, providing only room and board, and a pitifully low internship salary. In order to accommodate nearly 200 interns, United New Energy contracted a guest house in the high-tech zone.

After a month of debugging, the photovoltaic cell production line researched and manufactured by the United Electromechanical Equipment Company and the Basic Research Laboratory finally produced a silicon crystalline photovoltaic cell with an efficiency of 14%, which is at the leading level in China. The production line imported from Germany is being shipped, and it will arrive in China in half a month, Xu Hongfa and more than 10 technicians are training in the German Steinbach company, and will return to China in half a month together with German engineers and technicians.

As early as the beginning of the establishment of Xifu Solar, Xu Hongfa on behalf of the main investor of Xifu Solar and Germany's largest solar cell supplier Steinbach to negotiate the introduction of high-efficiency photovoltaic cell production line, production process, technical negotiation and research and development of things are Xu Hongfa and Deming are responsible, until Xifu Solar fell into financial crisis, only stopped, and now obtained the injection of Jinghai joint investment, this work is carried out again and rapidly, saving a lot of preparatory time for the newly established United Solar Power.

The efficiency of photovoltaic cells produced by this production line will be as high as 17%, which is the international leading level. At present, the level of domestic laboratories has not reached 17%, while foreign advanced laboratories have developed high-efficiency photovoltaic cells with an efficiency of up to 19.5%. The basic research laboratory has a long way to go, and there is a lot of work to be done to narrow the gap with the rest of the world.

The main market for high-efficiency photovoltaic cells is still in Europe and the United States, but the production capacity and level of the company are extremely high, and it is difficult for other countries to enter the market.

These, including the introduction of production lines and the return of products to the German market, are the results of years of negotiations with Xifu Solar, and now it is natural for United New Energy to enjoy the sweet fruits.

Some of the inefficient photovoltaic cells, but still at the leading level in China, are sold to Europe and the United States, and most of them are used to occupy the domestic market.

Mr. Yan Lihuang's busiest task is to recruit outstanding researchers into the two reading power laboratories, and hand over marginal non-core topics to joint experimental laboratories and cooperative laboratories. In addition to the investment in infrastructure and equipment, and the high salary of researchers, Lin Quan promised to invest no less than 20 million yuan in research funds every year.

This amount is not huge, but for enterprises whose output value may not exceed 50 million this year, the proportion has reached an astonishing level.

The basic research laboratory takes the field of photovoltaic cells, photovoltaic off-grid, grid-connected power generation systems, and polysilicon technology as the leading research directions, and under the contact of Yan Lihuang, it has carried out extensive cooperation with the Institute of Electrical Engineering of the Academy of Sciences and the electrical engineering departments of several well-known universities, and the research carried out covers almost all topics in the basic field and polysilicon technology.

The application laboratory also carries out research in multiple application fields, with the three main balance components of photovoltaic systems: batteries, inverters, and controllers as the main research directions.

As the director of the research center, Deming's salary has increased from 30,000 yuan to 200,000 yuan at Xifu Solar. Yan Lihuang refused the high salary offered to him by Lin Quan, and when the output value of the United New Energy Group could not exceed 50 million this year, Lin Quan's investment in research funds would exceed 100 million, which made Yan Lihuang worry about him, after all, a large part of the research results could not be transformed into productivity and create considerable benefits in a short period of time.

Lin Quan has no worries, extensive research cooperation is conducive to the transfer of researchers and technologies from research institutes and university institutions to the industry, and United New Energy Group will ultimately get the most benefits from it.

Lin Quan also bought 400 acres of land next to solar power in Tongnan High-tech Zone, invested 50 million yuan in the infrastructure of the engineering research center, administrative center, and solar power production department, and spent 15 million yuan to purchase a 12-story building of 9,800 square meters in the living area of the high-tech zone as a staff dormitory building and expert apartment.

In just four months, Lin Quan has invested more than 200 million yuan in the United New Energy Group, and it is expected to invest 500 million yuan, which has become the largest capital introduction in Tongnan in recent years. The accessories of the second and third photovoltaic cell production lines developed by ourselves are lying in the workshop of the electromechanical equipment company.

Based on the joint solar power production capacity to reach 4 megawatts within a year, it is planned to expand the production capacity to 20 megawatts in 03 years, half of which will be exported to Germany and other European and American countries, and half will occupy one-third of the domestic photovoltaic cell market. At present, the domestic photovoltaic new energy industry is mainly photovoltaic cell module assembly plants in the middle and lower reaches; The production capacity of domestic photovoltaic cells is extremely weak, mainly provided by several laboratory cooperative factories, but the production cost is high, and the photoelectric conversion efficiency is lower than the international average, only 12-13%, which cannot meet the needs of the high-end market; The photovoltaic cells produced by United New Energy Group, covering 11 national patents in basic laboratories, occupy a great advantage in the domestic market.

Of course, there are also some domestic enterprises that have shifted their attention to the field of photovoltaic new energy, but they are not resolute and rapid enough.

The efficiency of Jinghai's joint investment surprised Yan Lihuang, Xu Hongfa, Dai Ming, Yuan Xin, Ma Jian and others. Almost at the same time as Jinghai Joint Investment intervened in this field, everyone was driven like a motor, and there was no stop, from the negotiation to the decision to invest to the establishment of a laboratory, the establishment of extensive research cooperation with major institutions, the large-scale introduction of new employees, until the first production line was put into use, it took only four months.

Before that, they had waited three years for the Xifu solar project, and while the underlying of these high efficiency lies in the abundant capital investment of Jinghai Joint Investment, Lin Quan's speed of decision making and the ability of the joint investment to handle complex matters are impressive.

Zhang Biyun, Sun Feifei, Zhang Ting, Qian Weiguo, and Li Li led the financial and administrative staff stationed in United New Energy, and the efficiency and ability of the original employees of Tongnan New Energy and Xifu Solar were hard to understand, and they were not used to it at first, and gradually dissolved into this high-efficiency and high-intensity management group. In addition to regular administrative work, Zhang Bijun and others also had to supplement their knowledge in the field of photovoltaic new energy, and they raised their fat in Nangang Building for two or three months, and they fell off all of a sudden. Now Ye Jingqiang's affairs to Xinghu Industry are in the provincial capital, and her affairs to United New Energy are in Tongnan, and only routine high-level meetings can meet, and they can only communicate by phone and online.

Throughout June, 60 residences were sold in Building A, with a sales rate of 80%, and Building B, in addition to the two luxury homes on the top floor, the remaining 5-storey 26 luxury homes were also sold out, with an average price of 21,000 yuan. Pengrun Homes dozens of more than 100 sets of houses transferred to Xinghu Real Estate, sold by Xinghu Real Estate's branches, Pengrun Homes project ended at the end of June, after the repayment of up to 1 billion commercial loans, there are still 100 million remaining on the special account of the project, plus the cost of early embezzlement, and vacant real estate, Pengrun Homes' profit is as high as 1.18 billion. To this end, Luo Yitong also had to compensate Jinghai United Investment Group for the profit difference of 30 million.

(To be continued)