The photovoltaic industry enters into a new era of large-scale production
LONGi’s 10 GW mono-crystalline module production facility in Chuzhou is now running at full capacity, with its Phase II 5 GW reaching construction close. The additional capacity increased total global module production capacity of LONGi to an estimated 21 GW, exceeding its previously announced “Three-year Capacity Plan” (2019-2021).
Zhong Baoshen, Chairman of LONGi, said: “We are very optimistic about the rapid development of photovoltaic in the context of the global energy transition. The further build-up of LONGi’s global capacity of mono-crystalline modules will gradually increase LONGi’s ability to realize demand for high-efficiency products from global customers.”
“The market response to LONGi’s Hi-MO 4 module has exceeded expectations. We are optimistic that 166 mm wafers will become the mainstream of the photovoltaic industry’s next-generation and we will optimize the capacity of modules based on the 166 mm standard. In 2020, LONGi’s modules with 166mm wafers will exceed 20 GW, accounting for 80% of planned capacity. We will guarantee the global supply of high-power modules, helping the industry enter the era of large-scale mass production of 450 W high-power modules.” Zhong Baoshen said.
“LONGi modules will meet more than 15% of newly installed photovoltaic installations worldwide. Our expansion strategy is not to compete for market dominance, but to promote the transformation of the global energy sector by improving the market supply capabilities of leading products, and to accelerate the path to 100% renewable energy globally,” added Mr. Zhong.
By 2020, global photovoltaic newly installed capacity is expected to increase to 150 GW, reaching a growth rate of more than 20%. The current market demand for high-power modules exceeds supply. Following on the heels of LONGi’s switch to modules based on the 166 mm standard, other mainstream photovoltaic module companies have also launched their 166 mm cells and modules.
Industry analysis forecasts that by the end of June 2020, the global production capacity of modules based on 166 mm cells will exceed 30 GW, and by year-end 2020, this may reach 60~70 GW. Under the backdrop of rapid industrialization and strong market response, the photovoltaic industry has officially entered the “166 era”.