China's Tongwei Solar, known for its global leadership in solar panel production, has its roots in fish farming -- a business it started in 1982 and still thrives today.
This seemingly unusual combination has proven highly profitable. While many of the fish raised are destined for decorative ponds in rural Sichuan Province in southwest China, fish farming remains a significant revenue stream for the company, which has ranked itself among the Fortune Global 500.
"We've installed photovoltaic panels on our aquaculture farm, which is in perfect integration of our fish farming agriculture with photovoltaic power generation,"said Chen Jun, assistant general manager of Tongwei New Energy Co., Ltd.
Though the sites showcasing these integrations serve primarily as demonstrations, Tongwei operates numerous large-scale facilities across China that simultaneously contribute to food supply and energy conservation. This innovative approach addresses the land-intensive nature of traditional photovoltaic power plants.
"When building photovoltaic power plants, we often need to expropriate large areas of land resources. If we use a lot of arable land for photovoltaic power generation, it will not only take up extra land, but also reduce crop production,”Chen said.
Transitioning from fish farming to high-tech solar panel manufacturing in 2006, Tongwei has not only entered but excelled in the photovoltaics industry, becoming a Fortune Global 500 company.
"Tongwei Solar's current annual production capacity of solar cells has reached 90GW. As of the end of 2023, Our global cumulative shipments of solar cell batteries had exceeded 200GW, ranking the first in the world for seven consecutive years,”said Pang Sanfeng, manager of Tongwei Solar (Jintang) Co., Ltd.
Despite facing challenges like price wars and overcapacity in the photovoltaics sector, Tongwei remains optimistic about future growth. The company is also the world's largest producer of polysilicon, which is essential for manufacturing solar panels, and is expanding its production capabilities.
"Our global innovation R and D center is vigorously under construction and is expected to be operational within the year," Pang asid.
In December last year, Tongwei revealed plans to invest nearly 4 billion U.S. dollars in enhancing its silicon production operations, reinforcing its commitment to sustainable development and never straying from its original entrepreneurial spirit.
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Tongwei Solar: from fish farming operator to leading global solar panel manfacturer