LONGi to develop 20GW solar module project in Anhui in most current capacity development
- LONGi Solar is planning to create a 20GW module assembly facility in Wuhu City, Anhui Province after authorizing a teamwork agreement with regional authorities.
The facility, set to be located in Shenxiang Town, Wuhu City of China's Anhui Province, is to be created in two phases of 10GW each.
Production at the facility's first phase is slated to begin in Q2 2023, while the 2nd phase-- building and construction at which is to begin in Q1 2023-- will certainly be ramped from Q2 2024.
LONGi signed a critical teamwork contract with the management committee of the Wuhu Economic Development Zone covering the facility earlier this week.
News of LONGi's most current module facility can be found in the exact same month that the solar manufacturer validated its expectation to complete this year with around 85GW of module assembly capacity, with solar wafer as well as cell capacity additionally broadening considerably to 150GW and also 60GW specifically.
While specific information of the Wuhu facility's capex or investment value have actually not been revealed, LONGi did state it expected annual sales revenue of the project, when in full manufacturing, to be concerning RMB36 billion (US$ 5.34 billion) according to current market projections.
The facility is expected to sustain annual tax payments of around RMB1 billion and also sustain as much as 4,000 jobs.
