![]() ![]() ![]() Longi also will build a monocrystalline solar module project with an annual production capacity of five gigawatts in Taizhou, eastern Jiangsu province, for CNY2.4 billion, it announced in mid-June this year. Construction is set at 10 months, with the plant to start production gradually from 2020, per the announcement, which offered no provide further details about the unit. The company will set up a subsidiary to conduct the project's investment, equipment installation, plant purification and operation. Longi penned a project investment agreement with the nearby Xianyang High-Tech Industrial Development Zone Management Committee and the local government on June 28, and they will grant a 10-year lease contract for the factory, per the announcement. The plant, which will go up in China's northwestern Shaanxi province, will drive the company's continuing production expansion, the single crystal maker headquartered in Xi'an, capital of the same province, announced yesterday. (Yicai Global) July 1 - Global solar-energy equipment giant Longi Green Energy Technology will invest CNY25.5 billion (USD3.72 billion) to build a solar monocrystalline battery project whose output will approach 5 gigawatts.
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