Business Looking Good for Chinese Solar Companies

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Business Looking Good For Chinese Solar Companies
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• In some circles, especially those who love
  goldfish, the Chinese company Tongwei Group is
  best known for being the worlds biggest producer
  of fish food. In other circles, Tongwei Solar  a
  subsidiary of the same company, is a very
  different company indeed. Altogether, its a
  powerful conglomerate that does its talking in
  the form of billions of Yuan and dollars.
• Amid the worsening outbreak of coronavirus,
  Tongwei has just donated a laudable 10 million
  Yuan (just over AUD 2 million) towards the fight
  against the epidemic. Elsewhere, its business as
  usual for the company whose profile in the world
  of new energy product development is on the
  rise.

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• As stated above, Tongwei doesnt just make a lot
  of fish food its also now the worlds biggest
  producer of solar cells. To put that into
  context, the companys production capacity is
  currently a hefty 13 gigawatts which adds up to
  more solar cells sold in 2019 than have ever been
  sold in Australia. In total, there are 207
  patents in Tongweis name, resulting in over 200
  awards and honours in China.
• But until very recently, you couldnt really buy
  a Tongwei solar panel here in Australia. What
  would happen is that they would buy silicon
  ingots from elsewhere, turn them into solar
  cells, and sell them on to the solar panel makers.

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• Things, though, are changing. Tongwei is a true
  believer in the growth of the solar power market,
  having invested a hefty 12 billion Yuan (2.5
  billion) in the effort to ramp up production to
  an eye-watering 30 gigawatts of cell production
  within the next three to five years. That would
  be more than 10 of the worlds entire demand,
  boosting global production of solar panels from
  about 100 to 270 gigawatts.
• As we all strive jointly for sustainable
  development, we see the change of the world and
  hear the call of humankind, Tongwei said in a
  promotional video. We look forward to a
  wonderful life in the future.

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• 2020 has started busily for Tongwei, a company
  that was created in 2009 amid Chinas rapid
  industrialisation. In late January, it was
  announced that a three-year, US 1.88 billion
  (AUD 2.8 billion) contract was signed with LONGi
  Green Energy, one of the biggest Chinese
  manufacturers of photovoltaics and the worlds
  biggest maker of monocrystalline silicon wafers.
• LONGis wafer supply deal is with all four of
  Tongweis solar cell subsidiaries, adding up to
  480 billion wafer units of 180um thickness
  (wafer units are the thin semiconductor slices
  that are used to manufacturer solar cells).

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• Tongwei already supplies not only high-purity
  polysilicon for LONGis P-type mono wafers, but
  complete solar cells to the subsidiary LONGi
  Solar.
• Business is similarly good for LONGi, having
  signed another three-year wafer supply deal with
  Jiangsu Runyang Yueda Photovoltaic Technology
  worth about US 1.5 billion.

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