LONGi Invests 2.5 Billion Yuan into Monocrystalline Silicon Production Project

BEIJING, China, November.16,2019 /PVTIME/ — Longi Solar announced today that they had signed a project investment agreement worth 2.5 billion yuan with Baoshan Municipal Government and Tengchong Municipal Government on November 23. The Tengchong project, which is planned to be put into operation gradually before the end of 2020, will produce 10GW of monocrystalline silicon ingots annually.

Longi said that this investment will further improve its production capacity of high-efficiency monocrystalline silicon ingots while seizing the development opportunities of the monocrystalline market and continuously increase its market share of said market.