Hengdian Group To Build 4 GW Solar Cell Production Capacity

Hengdian Group To Invest RMB 1.2 Billion To Produce High Efficiency Large Sized Monocrystalline Solar Cells With 4 GW Annual Capacity

Hengdian Group To Build 4 GW Solar Cell Production Capacity

Pictured is a dated photo of Hengdian Group DMEGC’s manufacturing facility in China. The company has said it wants to produce 4 GW worth of large sized monocrystalline cells in Hengdian Photovoltaic Park in Dongyang city of Zhejiang province. (Photo Credit: Hengdian Group DMEGC Magnetics Co., Ltd.)

  • Through a stock exchange filing, Hengdian Group has announced plans to add 4 GW of monocrystalline solar cells
  • The 4 GW production line will roll out high efficiency large size solar cells for an estimated RMB 1.226 billion
  • It will be located in Hengdian Photovoltaic Park in Dongyang city of Zhejiang province

Vertically integrated solar module manufacturer from China, Hengdian Group DMEGC Magnetics Co., Ltd. (DMEGC) has shared plans to expand its solar cell production capacity by an additional 4 GW.

In a stock exchange filing, the management said the idea is to invest approximately RMB 1.226 billion ($190 million) on building high efficiency large size monocrystalline solar cell production capacity targeting fully ramped up annual capacity of 4 GW. On completion the project is anticipated to generate sales revenues of RMB 2.87 billion ($446 million) while bringing in annual profits of close to RMB 226.27 million ($35 million).

Within 9 months of construction completion, it aims to gradually ramp up the capacity of the new production line that will be built in Hengdian Photovoltaic Park in Dongyang city of Zhejiang province.

Like several of its peers in the Chinese solar PV manufacturing space justifying their massive expansion plans citing future market demand, Hengdian Group also said this expansion plan is part of the company’s development strategy and that it will improve the company’s competitiveness in the market. The management also believes producing large sized monocrystalline cells will enable it to give full play to its core competitiveness while increasing its market share to reduce operational risks.

The demand and supply market of large sized solar modules seems to be growing as several manufacturers are rapidly announcing plans to go in for this space. While DMEGC did not specify the cell sizes this 4 GW line will cater, one can assume this will include at least one of the two trendy large sizes – 182mm and 210mm, but maybe even both.

TaiyangNews discussed high efficiency PERC modules with M10/182mm cells in depth with leading manufacturers during a virtual conference in December 2020 accompanied by a report launch on the subject, titled High Efficiency Solar. It is available for free download here.

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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