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Tongwei also opened its latest 2GW monocrystalline solar cell plant as well as a fully automated (Manufacturing 4.0) production line. Image: Tongwei

Tongwei also opened its latest 2GW monocrystalline solar cell plant as well as a fully automated (Manufacturing 4.0) production line. Image: Tongwei

China-based integrated and merchant PV manufacturer Tongwei Group said it would report full-year 2017 profits to be in the range of 80 – 100% higher than in 2016, due in part to its capacity expansions of both polysilicon and solar cells and higher average selling prices (ASP’s) in the year. 

Tongwei said in a financial filing that it expanded polysilicon production by 5,000MT in 2017, bringing nameplate capacity to 20,000MT. The company benefited from a rise in polysilicon ASP’s as well as lower production costs. 

In general, polysilicon ASP's topped US$20/kg in 2017, double production costs.

The company also benefited from its expansion of solar cell capacity in 2017. Tongwei had shipped around 1GW of solar cells in 2016, having reached a nameplate capacity of around 2.4GW at the end of the year. 

In 2017, Tongwei noted that solar cell shipments (mono and multi) combined increased to around 3.85GW, a 75% increase of the previous year. Combined solar cell capacity stood at 5.4GW at the end of 2017. 

In 2017, Tongwei noted that solar cell shipments (mono and multi) combined increased to around 3.85GW, a 75% increase of the previous year. Combined solar cell capacity stood at 5.4GW at the end of 2017.

In 2017, Tongwei noted that solar cell shipments (mono and multi) combined increased to around 3.85GW, a 75% increase of the previous year. Combined solar cell capacity stood at 5.4GW at the end of 2017.

Tongwei also opened its latest 2GW monocrystalline solar cell plant as well as a fully automated (Manufacturing 4.0) production line. The company has long-term plans to expand cell production to 30GW, becoming a major merchant solar cell supplier to ‘Silicon Module Super League’ (SMSL) members such as JinkoSolar and Canadian Solar, which have pursued an ‘asset-lite’ strategy in relation to wafer and cell in-house capacity.  

Tongwei also opened its latest 2GW monocrystalline solar cell plant as well as a fully automated (Manufacturing 4.0) production line. Image: Tongwei

Tongwei also opened its latest 2GW monocrystalline solar cell plant as well as a fully automated (Manufacturing 4.0) production line. Image: Tongwei

The advanced cell manufacturing facilities and higher shipments and utilisation rates in 2017, led Tongwei to claim that its non-silicon costs fell to RMB 0.2-0.3/W (US$0.03/W – US$0.05/W by the end of 2017. 

Tongwei is already investing around RMB 12 billion (US$1.8 billion) in total, constructing new cell manufacturing facilities at the Hefei High-tech Industrial Development Zone in Hefei City to provide nameplate capacity of 10GW, while a further 10GW of capacity will be housed in the Southwest Airport Economic Development Zone of Shuangliu District, Chengdu City.

Tags: tongwei group, tongwei solar, c-si manufacturing, monocrystalline wafer, solar cell, pv celltech, china

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