LONGi Plans 18 GW New Capacity

Apr 18,2019
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LONGi Green Energy Technology Co., Ltd. will be expanding its production capacity by an additional 18 GW. The bulk will be added in the form of an ingot and wafer facility with 15 GW annual production capacity, while it will also build a monocrystalline solar cell facility with 3 GW capacity.

LONGi  will establish the 15 GW fab through a new subsidiary, Yinchuan LONGi Crystal Silicon Co., Ltd. that will invest RMB 4.3 billion ($643 million), while the 3 GW solar cell facility will be set up for an investment of RMB 1.55 billion ($231.7 million) through the company’s wholly owned subsidiary Ningxia LONGi Leye Technology Co., Ltd.

The 3 GW solar cell production line is expected to come online in H1/2020, while the 15 GW fab is scheduled to gradually start production in H2/2020. Both facilities will be located in Yinchuan Economic and Technological Development Zone.

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The news from LONGi Green Energy follows the commercial operations start for phase 1 of the 5 GW monocrystalline module fab in Anhui, China by its subsidiary LONGi Solar in March 2019. In January 2018, LONGi Solar announced plans to have 45 GW monocrystalline wafer production by 2020.

According to LONGi Solar’s website, the company has 8 GW of solar cell production capacity and 12 GW of module capacity currently. Its ingot/wafer capacity stood at 28 GW at the end of 2018.

After a lull following Chinese government’s 531 policy change in the domestic solar industry, things are looking up after the National Energy Administration released in early April a draft document on encouraging subsidy-free, grid-parity wind and solar power projects. While still just a draft, the industry has been waiting on such signs to give green light for further investment.