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

May 6, 2022
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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

Sponsored
October 23, 2025
Tongwei's rooftop-focused TNC 2.0 G12R-48 module will be among the products on show at All Energy Australia next week.
October 23, 2025
Solar PV technology has maintained its leading position as the most cost-competitive power generation source in 2025, according to analyst Wood Mackenzie.
Sponsored
October 22, 2025
LONGi vice president Dennis She discusses the value logic behind the company's strategic focus on back contact technology.
Premium
October 21, 2025
PV Tech Premium spoke with academic and industry experts about the rising tide of cybersecurity concerns in Europe's solar energy sector.
October 20, 2025
Details of tariffs on US imports of polysilicon products may be announced as early as the end of this month, according to a note from investment bank Roth Capital.
October 13, 2025
Two Chinese state-owned energy enterprises have signed cooperation agreements on PV and wind power projects with Saudi companies, with the total contract value exceeding RMB30 billion (US$4.2 billion). 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal