The Longi Green Energy photovoltaic project is under construction in Ejin Horoo Banner of Ordos, Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn]

The construction of the world's largest factory to produce photovoltaic devices entered a new stage recently with the completion of concrete pouring in Ordos, Inner Mongolia autonomous region.

Longi Green Energy Technology Co, a global leader in solar power, is building the plant, whose annual capacity will be 46 gigawatts of silicon ingots and wafers, 30 GW of monocrystalline cells and 5 GW of high efficiency modules in Ejin Horoo Banner of Ordos, the company said.

The Longi Green Energy photovoltaic project is under construction in Ejin Horoo Banner of Ordos, Inner Mongolia autonomous region. [Photo provided to chinadaily.com.cn]

With a total investment of 39 billion yuan ($5.48 billion), the project is expected to begin production in June 2023 and reach capacity by the end of 2024. Its annual operating revenue is expected to reach 70 billion yuan.