Longi targets to double production capacity of wafer, cells and modules by end 2021
Post date: 04/05/2019 - 18:03
Chinese solar group Longi Green Energy Technology Co. Ltd. (Longi Solar) announced that the company achieved operation revenue of CNY 21.988 billion ($3.265 billion) in 2018, an increase of 34.38 percent over the previous year. Net profit attributed to shareholders of listed companies was CNY 2.558 billion ($0.38 billion). As of the first quarter 2019, the company's total assets was CNY 43.165 billion.
According to the company, Longi accounted for 40 percent of the industry's monocrystalline silicon wafer capacity. In 2018, Longi overseas shipments of monocrystalline silicon wafer were 3.483 billion pieces, an increase of 59 percent over the previous year. Annual shipment of solar cells and modules reached 7,072 MW, a 50 percent increase over the previous year.
By the end of 2018, the production capacity of Longi monocrystalline silicon ingot/wafer had reached 28 GW. The Chuzhou 5 GW module factory in Anhui Province was operational in March 2019, further expanding Longi's monocrystalline module capacity. By the end of 2019, the capacity of ingot/wafer will be 36 GW, cell capacity 10 GW and module capacity 16 GW, says Longi. The company targets to raise its ingot/wafer production capacity by the end of 2021 up to 65 GW, the capacity of cells to 20 GW and the capacity of modules to 30 GW.