Skip to content

Another 5 GW of module capacity for the Longi juggernaut


From pv magazine global

Chinese PV manufacturer Longi Solar has signed an agreement with the city government of Jiaxing to build a 5 GW solar module production line for its high-efficiency products.

The Xi’an-based manufacturer will invest RMB2.2 billion ($312 million) in the facility and expects to break ground soon, with the fab set to be up and running next year. With the Zhejiang province production line planned only 100km from Shanghai, Longi appears intent on producing modules for export.

After managing the switch from multicrystalline to mono output last year, Longi is emulating its peers among the big beasts of solar manufacturing by pulling out the stops to expand its annual production capacity at a terrific rate. The company has announced at least a dozen investment plans this year and wants 27 GW of annual ingot production capacity, 25 GW of solar wafer production, 10.25 GW of cell capacity and 20 GW of modules rolling out of its factory doors.

Footing the bill

That all adds up to an estimated production expansion bill of around RMB23.4 billion for plans announced this year.

The inevitable burden on the balance sheet was already being balanced by record sales figures in the last quarter, with RMB22.6 billion in the last three-month period – a year-on-year increase of 54.68%. With net cashflow up 278%, net profits more than doubled to RMB3.48 billion in the July-to-September window.

That did not prevent the board needing to issue RMB5 billion of convertible bonds on the Shanghai Stock Exchange last week for its three big production capacity expansion projects.

The stated target for solar wafer production is indicative of the approach being taken by the cash-hungry manufacturer. Two years ago, Longi announced an intent to be able to churn out 45 GW of wafers before 2021. That ambition has now been raised to 65 GW within 14 months and by the end of next year, the mono giant also plans to have more than 30 GW of annual module production capacity and 20 GW of cell output.

Vincent Shaw

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:



Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.

This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.