10 Billion Yuan! LONGi to Launch Silicon Material Production Base in Guangdong Province of China

PVTIME – LONGi Green Energy Technology Co., Ltd. (601012.SH) the global PV giant has recently invested in a silicon material production base in Jiangmen City, Guangdong Province of China, with a total investment of 10 billion yuan.

The first phase of the project has been launched to reach an annual output of 10GW of monocrystalline modules with an estimated investment of 4.5 billion yuan, and an expected an annual output value of 18 billion yuan after production.

The whole project is designed to be one of the leading production and export bases for PV modules and related products in China once it is operational.

2 billion yuan increase for the Xi’an Leye company for a 29 GW solar cell project

In addition, on 6 February, LONGi Green Energy announced that it had increased the capital of LONGi Leye, a wholly-owned subsidiary, by RMB2 billion, and then increased the capital of LONGi Leye into Xi’an Leye by RMB2 billion. The funds raised will be invested in the 29GW high efficiency monocrystalline solar cell project initiated by Xi’an Leye.