Solar manufacturer LONGi Green Energy Technology (LONGi) has announced an RMB45.2 billion (US$6.7 billion) plan to build a production base in China capable of manufacturing 100GW of solar wafers and 50GW of solar cells each year.
LONGi Green Energy Technology has signed an investment agreement to set up a 10GW monocrystalline module manufacturing facility in China’s Guangdong Province.
The top four solar module manufacturers had shipments totalling more than 114GW during the first three quarters of 2022, as demand slowed in Europe but grew rapidly in China.
Solar module companies are more than willing to expand production this year, with new module project announcements from old and new players continuing to emerge.
Global polysilicon capacities are on track to reach 295GW by the end of 2022 as six new facilities ramp up production this quarter, according to new research from Clean Energy Associates (CEA).
