Aiming for a cumulative 20 GW monocrystalline solar cell capacity by the end of 2021, Xi’an headquartered LONGi Green Energy says it will build a new 10 GW fab in its hometown. (Photo Credit: LONGi Solar)

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Chinese vertically integrated solar company LONGi Green Energy Technology will be investing some RMB 4.5 billion ($645.6 million) to build a new monocrystalline solar cell facility with annual production capacity of 10 GW in Xi’an, China.

The Xi’an headquarterd company announced the new fab to come up at the Xi’an National Civil Aerospace Industry Base Phase II in Shaanxi province. This project is in line with its strategic needs for future capacity planning.

“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, seize the opportunities for monocrystalline market development, and continuously improve Single crystal market share,” explained the management.

The 10 GW capacity will be realized in two phases – 7.5 GW and 2.5 GW. Separately, a 680 MW monocrystalline cell and module line will be set up as a pilot.

As per the company’s capacity building roadmap, it aims to have mono cell capacity of 20 GW by the end of 2021, up from 10 GW it had at the end of 2019. In October 2019, LONGi’s board approved investment worth RMB 6.322 billion to construct 10 GW monocrystalline solar module and 5 GW monocrystalline cell facilities. The latter is booked for Xi’an Fuxin city (see LONGi Approves 15 GW Module & Cell Fab Construction).

Last month, LONGi signed an investment agreement to build a 20 GW monocrystalline wafer production capacity in Chuxiong for RMB 2 billion.