LONGi Green Energy Technology has signed an investment agreement with the local government of Shaanxi province to manufacture 100 GW of monocrystalline silicon wafers and 50 GW monocrystalline cell.

The construction period for the infrastructure project is 18 months, with phased construction and commissioning time for each phase not exceeding six months and production time not exceeding 24 months.

LONGi was the leading module supplier to the Indian solar market in the first half of 2022.

LONGi had set a record efficiency of 26.81% for its HJT silicon solar cells on full-size silicon wafers through mass production after 18 months of extensive research. Germany’s Institut für Solarenergieforschung verified this achievement in Hamelin.

Additionally, LONGi’s accelerated research and development in HJT had led to a 1.55% increase in efficiency compared to last year’s result of 25.26%.

The top ten manufacturers of solar modules exported 140-150 GW from China during the first nine months of 2022. According to the China Photovoltaic Industry Association, the export of solar modules generated around $35 billion, an increase of 110% from the previous year.

The Asia Europe Clean Energy (Solar) Advisory Company (AECEA) had reported that China’s polysilicon production to reach 1.1-1.2 million tons in 2022, 2.2-2.5 million tons in 2023, and 3-4 million tons in 2024. Furthermore, by the end of 2022, the production capacity for wafers, cells, and modules was expected to reach 550-600 GW.

AECEA had stated that 20 companies announced plans to expand module manufacturing capacity by a total of 380 GW over the next 18 months, and nearly two dozen companies revealed plans to expand their TOPCon cell production by 224 GW.

LONGi had signed a long-term polysilicon supply agreements with Daqo New Energy Corporation. Under the supply agreement with LONGi, Daqo New Energy’s subsidiary Inner Mongolia Daqo will provide LONGi with a total amount of 251,280 metric tons of mono-grade polysilicon from May 2023 to December 2027.