How will polysilicon prices affect Longi & Tongwei solar?

Polysilicon price increases are affecting both LONGi and Tongwei solar. LONGi has increased its wafer prices for the third time in less than six weeks, while Tongwei solar has also raised the price of its 182mm and 210mm solar cells.

How much do LONGi Solar panels cost?

Average Cost per Watt Comparison On average, Longi's solar panels start at $0.55/watt, this price point is $0.07/watt less on average than other low cost solar panel manufacturers such as Trina Solar. In comparison to mid-range panels such as Canadian Solar, Longi is $0.13/watt less expensive on average.

Is Longi reducing its wafer prices?

Longi has reduced its wafer prices by more than 27%. It said its M6 wafers are now priced at CNY 4.54 ($0.65), down 27.24% from November 2022. It is now selling P-type M10 wafers for CNY 5.4, down 27.22%. TCL Zhonghuan has also announced wafer price cuts. It said its p-type G12 wafers are now priced at CNY 7.1, down 23.7%.

Why did China's largest solar manufacturer cut prices?

The world’s largest solar manufacturer slashed prices for a key component as growing capacity in the sector intensifies cost competition. Chinese company Longi Green Energy Technology Co. cut wafer prices by as much as 31% on Monday. Wafers are silicon squares that are wired up and pieced together to form solar panels.

How many solar wafers did Tongwei get from shuangliang & Yingli?

Furthermore, Tongwei secured 104,800,000 wafers from Shuangliang and PV module manufacturer Yingli said its capacity has reached 8GW. Solar manufacturer Longi has unexpectedly raised the prices of all its PV wafers via an update on the company website.

How much is Yingli Solar supply agreement worth?

The value of the supply agreement is estimated at around RMB6.3 billion ($984 million). Solar manufacturer Yingli said this week its aggregate PV module capacity in Tianjin, Hengshui and Lixian has reached 8GW.