Xi’an Longi Silicon to build 3.5-GW PV factory in Ningxia

Chinese firm Xi’an Longi Silicon Materials Co Ltd (SHA:601012) intends to pour some CNY 3 billion (USD 471m/EUR 422m) into a new photovoltaic (PV) facility in Ningxia Hui Autonomous Region to produce 3 GW of monocrystalline ingots and wafers.

The company has signed an investment contract with the management committee of the Yinchuan National Economic and Technological Development Zone on September 8, it said today. As part of the deal, they will aim to jointly establish the photovoltaic (PV) materials industry base in Yinchuan city, which will be able to produce 3 GW of monocrystalline ingots and wafers per year, and separately 500 MW of solar modules.

Xi’an Longi Silicon will be in charge of purchasing and installing the equipment needed for the production process. The partners will start working on the facility this month and expect to have it up and running by June 2018. The land will be leased for at least 15 years.

Xi’an Longi Silicon chiefly makes monocrystalline ingots and wafers for the solar industry. The new factory will enable it to take advantage of the PV development opportunities in the region, while expanding its production capacity, improving its market share and contributing to its strategic objectives, it noted.

(CNY 1.0 = USD 0.157/EUR 0.141)

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