- Feb 14, 2020 12:27 am GMT
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IHS says that the size of WW solar market in 2020 will 142 GW of new solar capacity.
New annual installations in 2020 will reach 142 gigawatts (GW), a 14% rise over the previous year...
However, by the mid 20s the size of the market will be 200 GW/year. In order to get to that point more WW manufacturing capacity will be needed.
The factory is this article is a great example of the continued rapid expansion of manufacturing capacity. Note the quick turnaround - begin construction in March and start producing cells next year.
Chinese solar cell maker Tongwei has announced it is planning a 30 GW solar cell manufacturing facility near Chengdu, in Jintang County in the southwestern Chinese province of Sichuan.
The company said the factory will cost around RMB20 billion ($2.87 billion). Construction is slated to begin in March with production activity expected in 2021.