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Source: Pixabay

Chinese Company Invests $1.8 Billion In Solar Cell Production

By Brian Spaen

China’s quest for progress in the solar industry moves forward with the announcement that Tongwei is spending $1.8 billion on the expansion of two solar cell plants. For perspective, this would make the company the biggest manufacturer of solar generation in the world. The country has already passed their solar energy capacity goals for 2020 and this would further catapult them as a worldwide leader.

The first solar energy plant will be located in Hefei, which is the capital and largest city of the Anhui Province. It’s on the extreme east side of China. Chengdu, which is the capital of the Sichuan Province, is located in the southwestern part of the country. There’s roughly a 950-mile difference between the two cities.

Both facilities will have an annual solar cell production rate of 10 gigawatts, and it will help achieve Tongwei’s goal of creating up to 30 gigawatts per year. At the moment, the company creates just 5.4 gigawatts each year, but that will escalate to 9.7 gigawatts once current construction of other capacity is completed by the end of 2018. Right now, JA Solar is the biggest manufacturer at 6.5 gigawatts.