LONGi Solar Plans to Invest RMB 1.95 Billion to Build a 5GW Module Plant in China

Global News

In the afternoon of January 4, LONGi Solar signed a project investment agreement with the Management Committee of Anhui Chuzhou Economic and Technological Development Zone in Chuzhou, Anhui, with an investment of RMB 1.95 billion.

According to the agreement, LONGi Solar will set up a wholly-owned subsidiary in Chuzhou Economic and Technological Development Zone with registered capital not less than RMB 200 million for the investment and operation of the 5GW monocrystalline module project within a construction period of about 28 months.

In 2017, LONGi’s monocrystalline silicon wafer capacity reached 15GW, and monocrystalline module capacity reached 6.5GW. In 2018, its monocrystalline silicon wafer capacity will reach 25GW, and monocrystalline module capacity will reach 12GW. It’s reported that LONGi Solar shipped over 4.5GW products in 2017, ranking No.1 global monocrystalline cell and module shipment for three consecutive years, and No.1 domestic cell and module shipment.

On January 4, LONGi Green Energy made it clear that the project investment agreement was in line with the company’s strategic planning and capacity deployment for the future, and the project will further enhance the company’s monocrystalline module capacity, ensure the market supply of monocrystalline products, and improve the company’s market share and business performance.