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LONGi’s 10GW mono-crystalline module production facility in Chuzhou is now running at full capacity, with its Phase II 5GW reaching construction close. The additional capacity increased total global module production capacity of LONGi to an estimated 21GW, exceeding its previously announced “Three-year Capacity Plan” (2019-2020).
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. “
LONGi launched the new generation Hi-MO 4 module based on the new M6 (166mm) silicon wafer in 2019 and has continued to optimize it. Currently, the power of Hi-MO 4 is up to 450W in volume production with conversion efficiency of 20.7%. Further optimization has reduced the module size and weight, enabling easier installations on rooftops. Bifacial technology and high yield can reduce BOS cost and lower LCOE, making it the best choice for large photovoltaic power plants. Global potential order has surpassed 10GW, with over 1.5GW delivered. Customer feedback has been positive and exceeded expectations.
“The market response to LONGi’s Hi-MO 4 module has exceeded expectations. We are optimistic that 166mm wafers will become the mainstream of the photovoltaic industry’s next-generation and we will optimize the capacity of modules based on the 166mm standard. In 2020, LONGi’s modules with 166mm wafers will exceed 20GW, 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 450W 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 150GW, 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 166mm standard, other mainstream photovoltaic module companies have also launched their 166mm cells and modules.
Industry analysis forecasts that by the end of June 2020, the global production capacity of modules based on 166mm cells will exceed 30GW, and by year-end 2020, this may reach 60~70GW. Under the backdrop of rapid industrialization and strong market response, the photovoltaic industry has officially entered the “166 era”.