The leading photovoltaic company is focusing on improving capacity and help China achieve the goal of carbon neutrality.
According to the announcement of Zhonghuan on February 1, 2021, the company plans to invest in the construction of a 50GW (G12) solar-grade monocrystalline silicon material intelligent factory project, with the total investment expected to reach CNY 12 billion. The company says that the plant will provide high-quality production capacity for the industry and promote the development of the global affordable online plan. At the same time, the company also hopes to improve China’s competitiveness in the world’s photovoltaic industry and help China achieve the goal of carbon neutrality as soon as possible.
Nowadays, Tianjin Zhonghuan Semiconductor and Longi Green Energy Technology form a duopoly pattern in China’s photovoltaic sector. Longji is also trying to improve its capacity and take more market shares. On January 18, Longji announces that it plans to invest CNY 8 billion to build a single crystal battery project in Shaanxi with a capacity of 15GW per year and the project is expected to be put into operation in 2022.
Since the second half of 2020, the photovoltaic industry has attracted a lot of attention and investment. Statistically, 13 photovoltaic public companies start 40 new plant construction projects in 2020, with a total investment amount of over CNY 200 billion, covering silicon wafers, battery wafers, modules, glass, and inverters fields.