Close

LONGi Solar Plans to Invest RMB 1.95 Billion to Build a 5GW Module Plant in China

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Egypt Enters $220 Million Foreign Deal for Atom Solar Egypt

Egyptian Prime Minister Mostafa Madbouly on 27 August oversaw...

Sumitomo Japan Introduces Perovskite Solar Cells Production

Sumitomo Heavy Industries (SHI) from Japan has reportedly gone...

ADB and SPEL Enter $2.8M Deal to Boost Solar Energy in Samoa

The Asian Development Bank has entered into a $2.8...

In the afternoon of January 4, LONGi Solar signed a project investment agreement with the Management Committee of Anhui Chuzhou Economic and Technological Development Zone in Chuzhou, Anhui, with an investment of RMB 1.95 billion.

According to the agreement, LONGi Solar will set up a wholly-owned subsidiary in Chuzhou Economic and Technological Development Zone with registered capital not less than RMB 200 million for the investment and operation of the 5GW monocrystalline module project within a construction period of about 28 months.

In 2017, LONGi’s monocrystalline silicon wafer capacity reached 15GW, and monocrystalline module capacity reached 6.5GW. In 2018, its monocrystalline silicon wafer capacity will reach 25GW, and monocrystalline module capacity will reach 12GW. It’s reported that LONGi Solar shipped over 4.5GW products in 2017, ranking No.1 global monocrystalline cell and module shipment for three consecutive years, and No.1 domestic cell and module shipment.

On January 4, LONGi Green Energy made it clear that the project investment agreement was in line with the company’s strategic planning and capacity deployment for the future, and the project will further enhance the company’s monocrystalline module capacity, ensure the market supply of monocrystalline products, and improve the company’s market share and business performance.

Latest stories

Related stories

Egypt Enters $220 Million Foreign Deal for Atom Solar Egypt

Egyptian Prime Minister Mostafa Madbouly on 27 August oversaw...

Sumitomo Japan Introduces Perovskite Solar Cells Production

Sumitomo Heavy Industries (SHI) from Japan has reportedly gone...

ADB and SPEL Enter $2.8M Deal to Boost Solar Energy in Samoa

The Asian Development Bank has entered into a $2.8...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back