Renewables boost: Longi to invest $6.7bn to build world’s largest solar factory

Top clean energy equipment manufacturer Longi Green Energy Technology has confirmed plans to spend just over $6.7 billion in order to build the world's largest solar factory.

The new facility will be located in China's Shaanxi province and the company said it has signed a letter of intent with local government bodies in order to obtain the required permits and approvals.

According to a filing to the Shanghai Stock Exchange, the expansion project would allow it to build manufacturing capabilities to produce 100 gigawatts (GW) of solar wafers and 50GW of solar cells per year.

The new plants will effectively double Longi’s existing capacity. No further details about the project were made public.