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- We are optimistic that we will reach up to 2 Gigawatts of global supply by the end of this year.
- For us, innovation is constant and we are proud to say that our dedication and commitment to R&D are unmatched in the PV industry.
- We invested USD 689 Millon in R&D which was close to 5.6% of our operating profit, this is the benchmark for the solar industry.
What has been the Module Manufacturing Capacity of LONGi?
LONGi’s registered manufactured capacity till the end of 2021 was 50 Gigawatts and it is expected to expand to 65 Gigawatts by the end of this year. Apart from module manufacturing, LONGi is the largest manufacturer of wafers. LONGi’s wafer capacity stands at 105 Gigawatts presently.
What is the quantity supplied in India this year and expectations for the upcoming year?
Frankly Speaking, 2022 was very difficult considering the Indian market, however, we managed to supply close to 1.8 Gigawatts as of today. We are optimistic that we will reach up to 2 Gigawatts by the end of this year. For the coming year, we are hopeful that some policy relaxation might come and most of the IPPs are also working on different possible ways wherein they can procure the modules overseas. So, we are targeting at least a minimum of 2.5 to 3 Gigawatts in 2023.
Even though the Indian market was very challenging, LONGi has achieved close to 1.8 Gigawatts in the first half of 2022, and in wafer, we have managed to supply close to 40 Gigawatts till the H1 of 2022 globally.
How is your Pricing and Technology Roadmap?
Talking about the pricing, I would say the industry has seen a lot of dynamic changes in prices in the last two years because of the drastic increase in polysilicon prices in the last two years along with policy and tariff charges.
LONGi foresees that there would be some sort of relaxation in the prices, once the polysilicon new manufacturing capacities stabilize and come into operation from Q4 2022. We are hopeful that from Q1 onwards till the end of next year, prices will soften gradually and certainly be available for the Global Market. The global demand has increased multifold and that is also during the price up in the Indian market.
What kind of new products and technology will LONGi launch this year or next year?
At this moment, LONGi is proposing Hi-MO 5 module with an M10 wafer size of 182 mm and this is a kind of established product for us in India. Globally we have supplied over 41 Gigawatts of the same product and in India, we have already crossed a supply of close to 5 Gigawatts with this product till now.
Talking about new technology at this moment LONGi being a torch bearer with the Mono technology is gradually working on different technologies, be it HJT or N-type. Our R&D team is working on evaluating other technologies. We have recently launched the Hi-MO 6 for the global Distributed segment and it is based on LONGi’s high-efficiency HPBC cell technology, Hi-MO 6 achieves maximum efficiency of 22.8% in mass production.
For us, innovation is constant and we are proud to say that our dedication and commitment to R&D is unmatched in the PV industry, last year, we invested USD 689Millon in R&D which was close to 5.6% of our operating profit, this is benchmark for the solar industry.