Is Tongwei a good solar company?

Tongwei extended its presence to the module sector and reaped a place in the top ten ranking. The rest, such as DAS Solar, Suntech, and Huansheng Solar, shipped 7-8 GW in 2022, only 0.3-1.8 GW behind the tenth module maker. Despite not making the list last year, they are ambitious with their 2023 shipment target.

How strong is TW (Tongwei) solar group?

The Fortune Global 500 ranking measures the overall strength of large companies worldwide. The recently released 2023 Fortune Global 500 list featured many industry giants, including TW (Tongwei) Solar Group, at 476th place with revenues of RMB 214.882 billion.

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 solar the world's largest solar cell producer?

According to the latest figures, Tongwei Solar’s cumulative global shipments of solar cells surpassed 200GW, establishing it as the largest solar cell producer worldwide in terms of production capacity and shipment volume! Additionally, Tongwei has maintained its position as the global leader in solar cell shipments for seven consecutive years.

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.

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.