Tongwei

Tongwei Co. pushes ahead with ambitious expansion plans while Chinese solar sector braces for inevitable consolidation and price wars. The 28 billion yuan ($3.9 billion) factory in Inner Mongolia promises 500,000 tons of industrial silicon and 400,000 tons of polysilicon annually.

All leading 4 suppliers are now located in China; they generated greater than 100,000 MT each in 2022. all leading 4 producers are currently situated in China; they produced greater than 100,000 MT each in 2022. The six biggest Chinese manufacturers alone have additional capacities of about 1.5 million MT in the pipe for 2023 as well as 2024.

Tongwei Solar, EGing PV and LONGi have been shortlisted as candidates for the 5th module purchase round of Hong Kong energy business China Resources Power.

Solar wafer as well as cell prices have actually risen once again this week, with the price of polysilicon remaining to climb unmitigated.

Tongwei has actually ended up being the latest upstream solar maker to raise costs as the cost of basic materials remains to spiral.

Tongwei has actually announced that its subsidiaries have authorized a RMB50.9 billion (US$ 7.58 billion) silicon material sales contract for 216,100 tons with Qinghai Gaojing Solar Energy Technology Co., Ltd

Both GCL Technology as well as Daqo New Energy have leapfrogged Wacker Chemie in Bernreuter Research's annual polysilicon top 10 rankings, completing a China-based leading three.

Solar polysilicon and cell producer Tongwei has specified strategies to dramatically boost its manufacturing capacity over the following four years after validating a six-fold increase in net profit in Q1 2022.

Significant polysilicon and seller cell producer Tongwei Group is to purchase an extra 32GW of solar cell capacity via a RMB12 billion (US$ 1.9 billion) financial investment in partnership with the federal government of Meishan City, in Sichuan Province, China.

Solar maker Tongwei is forecasting for a six-fold rise in net profit for Q1 2022, highlighting the effect prices spikes are having on upstream supplier fortunes.

LONGi Solar is to procure more than 200,000 metric tonnes (MT) of polysilicon from upstream service provider Tongwei under a two-year agreement.

LONGi solar has actually boosted its wafer prices for the third time in less than six weeks as a four-month high in wafer prices proceeds, while Tongwei solar has additionally raised the price of its 182mm and also 210mm solar cells.

Tongwei has actually warned of ongoing tight supply of solar PV materials after recording an enter 2021 revenue over of 50%.

Upstream solar significant Tongwei has actually anticipated for profits to more-than-double in its 2021 financial year on the back of increased product and cell prices experienced last year.

The very first production line at a 15GW solar wafer and also cell production center in Chengdu co-owned by Trina Solar as well as Tongwei has actually started to ramp.