PVTIME – LONGi announced
on Wednesday that its wholly-owned subsidiary Longi
Leye Photovoltaic Technology Co., Ltd. has signed a project investment with the
Management Committee of Xi’an National Civil Aerospace Industrial Base with the
intention to construct a monocrystalline solar cell production facility with an
annual production capacity of 10GW.
According to the announcement, LONGi Leye Photovoltaic
Technology Co., Ltd. will invest about 4.5 billion yuan (645.6 million USD)
into the project. The project will be implemented in two phases, a 7.5GW first
phase and a 2.5GW second phase， and will also include a 680MW monocrystalline
cell and module pilot project.
said that the project investment agreement signed this time is in line with the
company's strategic needs for capacity planning and after the project is put
into operation, it will help the company to further increase the production capacity
of high-efficiency monocrystalline cells, strengthen the research and
development capabilities of monocrystalline cells and modules, help LONGi seize
the development opportunities in the monocrystalline market, and continuously
increase LONGi’s monocrystalline market share.