Leading fully-integrated high-efficiency monocrystalline module manufacturer LONGi Green Energy Technology has signed a project investment agreement with local authorities in Chuzhou City, Anhui Province, China to build a new 5GW module assembly plant.
LONGi said in a financial filing that the new mono-module assembly plant would be built in the Chuzhou Economic and Technological Development Zone in Anhui Province that required an investment of approximately RMB 1.95 billion (US$300 million) and take approximately 28 months to build and start manufacturing operations. LONGi’s solar cell and module assembly subsidiary, LONGi Solar would be responsible for the running of the plant, according to the project investment agreement.
No timelines were given for the new project as the company said it still needed to undertake and complete an internal review process before committing to the project.
LONGi Solar expanded module assembly capacity by around 1.5GW in 2017 to reach at least 6.5GW of nameplate capacity.