Taowei installs photovoltaic panels

Could Tongwei solar become the world's first vertically-integrated solar module supplier?

Image: PV Tech. Following on from recent blogs exploring PV module pricing and the future of industry supply chains, Finlay Colville, head of market research at PV Tech, explores why – and how – Tongwei Solar could become the industry’s first vertically-integrated, leading global module supplier by the middle of this decade.

Is Tongwei a bankable PV module supplier?

By the end of this year, Tongwei will be in the top 10 for wafer capacity and the top 15 for module capacity, with further growth (upside) almost inevitable going into 2023. In PV Tech’s latest PV ModuleTech Bankability analysis, Tongwei is currently B-Rated, putting the company in the top 15 most bankable PV module suppliers today.

What is TW (Tongwei) solar doing now?

In line with this trend, Chinese PV manufacturer TW (Tongwei) Solar has made comprehensive efforts in product line expansion and new technology deployment in recent years. It has also increased its research and development (R&D) investments, pursuing technological innovation and product upgrades.

Why is Tongwei the world's first PV module manufacturer?

The module provides an impressive power output of 730W+ and represents a significant breakthrough for the company. During the exhibition, Tongwei also became the world’s first PV manufacturer to successfully pass SEE on-site evaluation. PV Tech has been running PV ModuleTech Conferences since 2017.

Will Tongwei solar become a global module powerhouse in 2025?

While LONGi Solar is likely to retain this position for the next 2-3 years, 2025 could see Tongwei Solar emerging as the new global module powerhouse. After a couple of failed attempts (Yingli and Suntech ran into cashflow and debt problems shortly after becoming market leaders), from 2013 it has been a more predicable landscape.

Will Tongwei supply 3 GW of solar panels?

Tongwei has won a bid to supply 3 GW of solar modules to state-owned China Resources Power. It has agreed to provide 2.9 GW of 545 W modules and 1 GW of 545 W mono-facial panels for CNY 5.827 billion ($854.9 million), or a unit price of around CNY 1.94 per watt.