Core Viewpoint - The collaboration between Yijing Photovoltaic and the government of Quanjiao County has faced significant challenges, leading to a potential termination of the investment agreement and a demand for repayment of 140 million yuan due to unmet project milestones and unclear responsibilities [1][2]. Group 1: Project Overview - In September 2022, Yijing Photovoltaic signed an agreement with Quanjiao County to invest over 10 billion yuan in a three-phase project, including a 10 GW high-efficiency N-type TOPCon solar cell production line with an estimated investment of about 5 billion yuan for the first phase [1]. - The first phase began construction in November 2022 and started production in July 2023, but is expected to cease operations by October 2024, while the second and third phases have not yet commenced [1]. Group 2: Government and Company Issues - The Quanjiao County government made significant efforts to support the project, including forming a dedicated task force, but the initial enthusiasm has not translated into successful project execution [1]. - The agreement lacked specificity regarding investment progress and capacity realization, making it difficult to determine responsibilities and enforce obligations later on [1][2]. Group 3: Financial and Operational Challenges - The registered capital for the project was set at 1.5 billion yuan, with the company and government contributing 800 million yuan and 700 million yuan respectively, but only 300 million yuan was actually paid in [2]. - Yijing Photovoltaic underestimated the cyclical risks of the solar industry and proceeded with the investment without validating its TOPCon technology, leading to significant cash flow pressures due to a reliance on financing for a 2 billion yuan shortfall [2]. Group 4: Regulatory and Competitive Concerns - The agreement included provisions that restricted Yijing Photovoltaic's operational flexibility, such as prohibiting changes to the project company's registration and requiring government approval for various operational decisions [3]. - The practices of creating low-cost environments for attracting investment and signing exclusive agreements raise concerns about unfair competition and hinder the free flow of resources, conflicting with national market integration goals [3].

笔者留意到，为推动上述投资落地，全椒县可谓倾尽全力，曾将亿晶光电奉为座上宾。2022年的公告显 示，全椒县成立了由县委、县政府主要负责同志牵头的项目工作专班，全力推进项目建设。但这场曾被 寄予厚望的"双向奔赴"，仅三年便走向分道扬镳。问题出在哪里？ 事后复盘，地方政府做大蛋糕的冲动盖过了理性的考量。一是可行性研判流于表面，盲目追求百亿投资 规模，未充分评估光伏行业周期性风险与企业履约能力；二是协议过于笼统，该协议本身就只是总框架 协议，对双方出资进度、产能落地等缺乏明确考核，后续在项目开展过程中，相关方还要就项目分阶段 另行签署补充协议和相关协议。越是不完整充分的协议，后续厘定责任的难度就越大，约束的效力就越 弱。 事实上，协议约定的项目公司注册资本是15亿元，企业和政府各出8亿元和7亿元，但最终实缴资本只有 3亿元，其中企业实缴1.6亿元，地方政府方面实缴1.4亿元。既是听证，那最终结果就有不确定性，地方 政府的诉求未必就能得到全部满足，因为责任并不清晰。 每经热评|项目停产企业被追讨1.4亿元款项 制造"政策洼地"也是在制造麻烦 每经评论员 杜恒峰 2022年9月，上市光伏企业亿晶光电与安徽省全椒县人民政 ...

一期项目于2022年11月开工，2023年7月开始陆续投产，但2024年10月开始便陆续停产，二三期项目尚 未启动。2025年12月，全椒经济开发区管理委员会就该项目向亿晶光电及下属子公司发出听证通知，拟 解除投资协议并追讨1.4亿元相关款项，并追究代建费用、租金及资金占用成本等违约责任。 笔者留意到，为推动上述投资落地，全椒县可谓倾尽全力，曾将亿晶光电奉为座上宾。2022年的公告显 示，全椒县成立了由县委、县政府主要负责同志牵头的项目工作专班，全力推进项目建设。但这场曾被 寄予厚望的"双向奔赴"，仅三年便走向分道扬镳。问题出在哪里？ 事后复盘，地方政府做大蛋糕的冲动盖过了理性的考量。一是可行性研判流于表面，盲目追求百亿投资 规模，未充分评估光伏行业周期性风险与企业履约能力；二是协议过于笼统，该协议本身就只是总框架 协议，对双方出资进度、产能落地等缺乏明确考核，后续在项目开展过程中，相关方还要就项目分阶段 另行签署补充协议和相关协议。越是不完整充分的协议，后续厘定责任的难度就越大，约束的效力就越 弱。 2022年9月，上市光伏企业亿晶光电与安徽省全椒县人民政府达成合作，规划投资超100亿元，建设三期 项目。其 ...