# Anhui Conch Cement to invest $791M in solar energy for factories

Anhui Conch Cement plans to spend CNY5 billion ($791 million) in 2022 to build solar power stations and energy storage projects at its factories, aiming for 1 GW of installed photovoltaic capacity by year-end to meet carbon goals.

- Type: Investment
- Announced: 2022-03-09
- Where: China
- Value: $791.4M
- Starts operating: 2022
- Status: announced
- Capacity: 1 GW photovoltaic capacity
- Products: solar power, energy storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Anhui Conch Cement](https://endata.com/companies/30579.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-conch-cement-to-invest-usd791-million-in-solar-energy-to-turn-factories-green), 2022-03-09: "The target is to have one gigawatt of installed photovoltaic capacity by the end of this year, with a yearly generation capacity of 100 million kilowatt-hours."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.