LONGi Expanding Ingot & Wafer Capacity By 26 GW

LONGi Updates 20 GW Monocrystalline Silicon Wafer Capacity Addition Plans To 46 GW

LONGi Expanding Ingot & Wafer Capacity By 26 GW

LONGi Green Energy has updated its previously announced 20 GW monocrystalline silicon wafer production plans to a total of 46 GW in Inner Mongolia, saying it is in line with future capacity planning. Pictured is LONGi’s Central R&D Institute in Xi’an, China that opened recently. (Photo Credit: LONGi Solar)

  • LONGi plans to expand its silicon ingots and wafer production plans of 20 GW in Inner Mongolia by 26 GW
  • It now expects to incur an investment worth RMB 14.55 billion on the entire monocrystalline wafer project here
  • Plans for previously announced 30 GW monocrystalline cell capacity and 5 GW high efficiency modules are not changed

One of the world’s largest solar PV manufacturers, LONGi Green Energy Technology is to add another 26 GW of silicon ingots and wafer capacity in China’s Inner Mongolia, expanding its planned capacity increase here from 20 GW to 46 GW.

Back in March 2022, LONGi said it will add 20 GW monocrystalline silicon wafer, 30 GW high efficiency monocrystalline cell and 5 GW high efficiency solar module capacity in Inner Mongolia’s Ordos City. The 20 GW silicon wafer project was to cost an estimated RMB 7.6 billion (see LONGi Plans Capacity Expansion In China).

In a new stock exchange announcement, LONGi said it has signed an additional investment and cooperation agreement with the People’s Government of Erdos City and Yijinhuoluo to expand planned capacity, as per its strategic development needs.

It now expects to invest approximately RMB 14.55 billion, expanding by RMB 6.95 billion from the previous amount on the renewed plans. Capacity expansion plans for 30 GW monocrystalline cell and 5 GW modules remain unchanged.

The management said this expansion is in line with its future production capacity planning that will improve its market competitiveness, and is conducive to the company’s full use of technology and product leading advantages.

Implementation will be preceded by a project feasibility analysis which will be disclosed in a timely manner.

At the end of 2021, LONGi’s annual wafer manufacturing capacity added up to 105 GW, to be expanded to 150 GW by 2022-end (see Good Financial Results For LONGi In H1/2022).

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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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