Tongmei Group and Solar Power Generation

Will Tongwei build solar panels in Chengdu?

Tongwei intends to build solar cell and panel plants in its home city of Chengdu with a total fixed asset investment of CNY10.5 billion (USD1.5 billion), it said in a statement late yesterday.

Is TW (Tongwei) solar a good company?

As a leading silicon materials company, TW (Tongwei) Solar ranks first globally in terms of high-purity crystalline silicon production and sales volumes. Leading cell manufacturer: TW (Tongwei) Solar’s cell shipments have ranked first worldwide for six consecutive years. In August 2022, TW (Tongwei) Solar entered the module sector.

Who is Tongwei?

Polysilicon supplier and solar cell maker Tongwei announced on Friday that it signed an agreement with the government of Meishan City, in Sichuan Province, for the deployment of 32GW of new solar cell capacity.

Why is Tongwei building a new factory in China?

Get in Touch Tongwei Co., the world’s largest manufacturer of a key material for solar panels, said it will build a massive new factory in northern China just as the industry struggles with a price war and a looming wave of consolidation.

How much money will Tongwei make a year?

Polysilicon and solar cell maker Tongwei has estimated it will generate profit of RMB4.9-5.2 billion (US$769-816 million) in the first three months of this year thanks to booming solar installation figures and product price rises.

How will Tongwei's new solar plants work?

Tongwei's new plants will be constructed in two phases, the firm said. The first will build a solar cell factory with an annual output capacity of 25 gigawatts, to be completed and put into operation by the end of next year. The second will build a solar panel plant with an annual output of 20 GW. It should start production by the end of 2025.