Longi Photo voltaic stated it should make investments CNY 42.5 billion to greater than double its PV wafer and cell capability. It plans to construct new wafer and cell factories.
The corporate signed an funding settlement with the native authorities of Xixian New District, Shaanxi province. The development of the brand new services mustn’t exceed 18 months and will probably be carried out in a number of phases, with no part lasting longer than six months, in accordance with an organization assertion.
Longi expects the factories to be commissioned in 2025. They’ll create greater than 15,000 jobs.
By the tip of 2021, Longi’s wafer capability stands at 105 GW, together with 37 GW of PV cells and 60 GW of modules. It believes that these numbers enhance to 150 GW, 60 GW, and 85 GW, respectively, by the tip of 2022.
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