2.5 Billion Yuan! LONGi to Launch 10GW Solar Module Project in Guangdong Province of China

PVTIME – LONGi Green Energy Technology Co., Ltd. (601012.SH) the solar giant, released an announcement on November 21 that it intends to launch 10GW monocrystalline solar module project in Heshan City, Guangdong Province of China, with a total investment of 2.5 billion yuan.

According to the announcement, the project will be kicked off within 6 months once upon the completion of the plant as well as ancillary facilities, and shall reach production within 12 months from the date of production.

What is more, LONGi has suspended some of its planned production projects to reduce the costs. The phase III of its 10GW monocrystalline silicon rod project in Lijiang City, the Phase II of 20GW silicon rod and 30GW silicon slice project in Qujing City, and the 30GW solar cell project in Qujing City have been cancelled as there was no more preferential electricity price policy LONGi enjoyed in these Cities of Yunnan Province since September 1st, 2021.

Nevertheless, its 15GW monocrystalline solar cell (Xixian Leye) project, 4GW solar cell (Taizhou Leye) project, 10GW solar module in Jiaxing City are promoted by LONGi as scheduled, as well as the under preparation ones in Ordos and Wuhu City, which are expected to be put into production in the first quarter of 2022 to 2023 gradually, LONGi stated in its H1 report.