China’s LONGi to invest $773 mln in ingot and wafer expansion project

Chinese photovoltaics and monocrystalline wafer maker LONGi Green Energy Technology will extend its monocrystalline ingot and wafer capacity at three sites in China with a projected $773 million pump in.

LONGi will extend its monocrystalline ingot by 6 gigawatts (GW) at facilities in Baoshan, China at $261.4 million to be carried in July 2020, and a further 6 GW at facilities in Lijiang, China at a cost of $289.5 million, which will take through May 2020.

The company will also boost monocrystalline wafer production by a further 10 GW as part of a phase 2 expansion at facilities in Chuxiong, Yunnan, China, which is expected to be completed in March 2020.

Additionally, LONGi noted it was extending monocrystalline solar cell capacity by 1GW at a new facility at the Shama Jaya Free Industrial Park, Kuching City, Sarawak, Malaysia at $125.5 million.