Major polysilicon and solar cell producer Tongwei Group has begun ramping the final cell lines at its 15GW Meishen production hub in Sichuan Province, with the facility now the largest single site for solar production in the world.
Major polysilicon and merchant solar cell manufacturer, Tongwei Group and subsidiary Tongwei Solar are to significantly increase high-purity polysilicon production and high-efficiency solar cell production over the next five years.
Leading monocrystalline wafer producer, LONGi Green Energy has signed a new wafer supply agreement with major merchant solar cell producer, Tongwei Solar valued at approximately US$1.88 billion, over a three-year period.
This article continues our series of features introducing new methodology that allows leading PV module producers to be categorised, ranked and short-listed by manufacturing and financial strength metrics; ultimately providing an investor-risk (or bankability) profile of PV module suppliers for non-residential end-market selection.
We have tracked the annual R&D spending of 12 key publicly listed PV module manufacturers over the last 10 years. We present our new methodology with a broader scope which reveals record levels of investment in solar innovation.
China-based integrated polysilicon and merchant cell manufacturer Tongwei Group expects to begin pilot production of heterojunction (HJ) solar cells by the end of 2018, while the success of its 200MW Industry 4.0 fully-automated solar cell production line will lead to a longer-term migration of all cell production to intelligent manufacturing.
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.
After the significant upwards revisions made to global solar PV manufacturing capacity expansion announcements in the first half of 2017, which we reviewed in a previous blog, the third quarter was characterised by much more tempered plans.