LONGi plots solar wafer, cell and module capacity leap as Q1 revenue jumps 17%

Facebook
Twitter
LinkedIn
Reddit
Email
LONGi Solar’s module shipments are expected to reach 50 – 60GW in 2022. Image: LONGi Solar.

Leading solar manufacturer LONGi has revealed it expects to finish 2022 with solar wafer, cell and module manufacturing capacity of 150GW, 60GW and 85GW respectively.

The expansion, announced alongside solar module shipment guidance for the year of 50 – 60GW, would see its manufacturing capacities soar by between 40 – 60% year-on-year, while group revenue is also expected to soar by more than 23% and exceed RMB100 billion for the first time.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

LONGi also expects to ship 90 – 100GW of solar wafers in 2022.

Reporting its Q1 2022 results earlier this week, LONGi said it shipped 18.36GW of wafers, split around 55:45 between internal (9.94GW) and external (8.42GW) shipments.

Module shipments for the quarter meanwhile stood at 6.44GW. By means of comparison, JinkoSolar last week confirmed its Q1 2022 module shipments to have stood at just over 8GW, however Jinko is forecasting to ship far fewer modules over the course of the year, its 2022 forecast currently standing at around 35 – 40GW including shipments of cells and wafers.

Quarterly revenue rose 17.3% year-on-year to RMB18.6 billion, reflecting higher shipments and prices for both modules and wafers, LONGi having raised prices for its wafers no fewer than five times in the reporting period and seven times since the start of the year.

LONGi also stated that its new cell technology is planned to enter production in Q3 this year, the company noting that it invested some RMB4.4 billion into R&D last year, equivalent to around 5.4% of its total revenue.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
The Chinese polysilicon industry could face a shortage by 2028, despite persistent overcapacity in recent years, according to polysilicon market analyst Bernreuter Research.
June 23, 2025
China notched up close to 100GW of new PV in May, in the processes surpassing a terawatt of cumulative installed capacity, figures show.
June 19, 2025
The China Enterprise Bankruptcy and Reorganization Case Information Network has published a notice regarding creditor claims for Suntech.
June 18, 2025
Founder Group has signed a US$220 million memorandum of understanding (MOU) with Chinese polysilicon producer GCL Technology.
June 16, 2025
The global solar tracker market expanded by 20% in 2024 to a record size, according to energy research firm Wood Mackenzie.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece