Tongwei investing US$1.9bn in 32GW of new solar cell capacity

April 4, 2022
Facebook
Twitter
LinkedIn
Reddit
Email
The 32GW project will be built in two separate 16GW stages, with the first set to come online by the end of 2023. Image: Tongwei

Major polysilicon and merchant cell producer Tongwei Group is to invest in an additional 32GW of solar cell capacity through a RMB12 billion (US$1.9 billion) investment in partnership with the government of Meishan City, in Sichuan Province, China.

The capacity expansion will be conducted in two 16GW phases, Tongwei said, with the company aiming to bring the first phase of the project online by the end of 2023, after which work on the second phase will begin.

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

Tongwei said in a stock statement that the new facility will be built on Qinglong Street, Tianfu New District, Meishan in cooperation with the local government.

Tongwei has long held plans to ramp up its cell capacity and at the end of last month, it signed a two-year polysilicon deal with LONGi to supply the module maker with more than 200,000 metric tonnes (MT) of polysilicon.

Last year, it also consolidated an agreement with ‘Solar Module Super League’ (SMSL) member JinkoSolar that saw Tongwei secure extra gigawatts of mono wafers through a supply agreement.

Last month, Tongwei, which has forecasted for a six-fold increase in net profit in Q1 2022, reported that its revenue had increased by more than 50% in 2021 whilst suggesting that tight material supply meant that high prices were here to stay in the short term.

Elsewhere, PV Tech’s head of market research Finlay Colville has mused that Tongwei could become the industry’s leading PV module supplier by 2025 if it pursues a vertically-integrated product strategy that would see it become the sector’s first polysilicon-to-module manufacturing entity.

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

October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 28, 2025
Chinese solar inverter producer GoodWe has launched a new “low noise, low weight” string inverter for the European corporate & industrial solar market.
October 27, 2025
Chinese polysilicon producer Daqo New Energy saw an increase in sales and profits in Q3 2025, as the sector looks to address ongoing oversupply and financial losses.
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.
October 23, 2025
Aviva Investors and Astatine have announced an €800 million (US$928 million) investment in renewable energy and decarbonisation solutions.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
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