Solar trackers developed by Suzhou JSolar Inc, a company located in Zhangjiagang, Suzhou, Jiangsu province. [Photo/zjgonline.com.cn]
Zhangjiagang High-tech Industrial Development Zone in Zhangjiagang, a county-level city in Suzhou, East China's Jiangsu province, has been making continued efforts to bolster its new energy industry.
The zone on June 1 released a guideline regarding the development of an innovative industrial cluster comprising new energy companies. According to the guideline, the zone will cover 12 percent of equipment costs for companies that meet the requirements, as well as help research institutions that have been recognized at the municipal or higher by funding 20 percent of their expenditure on research and equipment.
That same day, an alliance aimed at bolstering the new energy industry was also unveiled. The alliance will actively promote cooperation among its 15 member companies on research and development, production, marketing, and other matters.
The zone has also been constantly improving its business environment, revising new energy-related policies, as well as ensuring adequate supply of land, capital and talents to achieve this goal.
The zone is presently home to eight major new energy companies that each has an annual output of more than 100 million yuan ($14.87 million). The gross output of the zone's new energy companies above a designated scale in 2021 was over 1.6 billion yuan, up 33.3 percent year-on-year.
In addition, the zone has attracted a number of new energy projects with more than 1.6 billion yuan in investment this year. Several of the zone's existing companies, including Zhangjiagang Uchen New Energy Technology Co and Suzhou JSolar Inc, have also increased their investments in the building of new R&D and production bases.