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China's Tongwei Group Plans World's Biggest Solar-Cell Plant (5GW/yr) [View all]
China's Tongwei Group Plans World's Biggest Solar-Cell Plant
Bloomberg News
November 18, 2015 — 3:37 AM EST
Tongwei Group Co. is planning to build the world’s biggest plant to make solar cells in China’s southwestern province of Sichuan at a possible cost of about $1 billion.
The facility is expected to have capacity of 5 gigawatts of high-efficiency solar cells annually, according to an e-mailed statement. The company held a ceremony on Wednesday to mark the beginning of construction.
The plant in Shuangliu county will triple Tongwei’s total solar-cell capacity, which is estimated to reach 2.4 gigawatts by the end of this year. The plan underscores Chengdu-based Tongwei’s efforts to expand capacity after agreeing to buy a 10 percent stake in Taiwanese solar-cell producer Gintech Energy Corp. in July.
The factory, which could cost about 20 cents a watt, could be part of a medium-term plan, said Wang Xiaoting, a Hong Kong-based analyst from Bloomberg New Energy Finance....
http://www.bloomberg.com/news/articles/2015-11-18/china-s-tongwei-group-plans-world-s-biggest-solar-cell-plantBloomberg News
November 18, 2015 — 3:37 AM EST
Tongwei Group Co. is planning to build the world’s biggest plant to make solar cells in China’s southwestern province of Sichuan at a possible cost of about $1 billion.
The facility is expected to have capacity of 5 gigawatts of high-efficiency solar cells annually, according to an e-mailed statement. The company held a ceremony on Wednesday to mark the beginning of construction.
The plant in Shuangliu county will triple Tongwei’s total solar-cell capacity, which is estimated to reach 2.4 gigawatts by the end of this year. The plan underscores Chengdu-based Tongwei’s efforts to expand capacity after agreeing to buy a 10 percent stake in Taiwanese solar-cell producer Gintech Energy Corp. in July.
The factory, which could cost about 20 cents a watt, could be part of a medium-term plan, said Wang Xiaoting, a Hong Kong-based analyst from Bloomberg New Energy Finance....
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