CHANGCHUN, China, December. 2, 2019 /PVTIME/ -- LONGi,
the world's leading solar technology company and Adani Green Energy, India’s
largest photovoltaic power station developer, has entered into a strategic
partnership agreement on November 28, 2019 where LONGi will supply Adani Green Energy
with its new generation Hi MO4 modules. The agreement set guidance of up to
1.2GW modules to be delivered to Adani by 2020. Both parties agreed to continue
to deepen their strategic partnership over the next 3 5 years.
The electric power
infrastructure in India is weak and photovoltaic energy has great potential for
growth in the next five years. The strategic partnership agreement represents a
strong alliance and a “win win” cooperation between the world's leading energy
investment company and the world's leading solar technology company, and is a
milestone in the development of global renewable energy.
The Adani Group is
an integrated business conglomerate in India that consists of six publicly
traded companies with combined revenues of $13 billion. Its renewable energy
subsidiary, Adani Green Energy, is one of the largest renewable companies in
India engaged in the development of solar, wind and hydro energy with a current
project portfolio of 5,290 MW.
LONGi leads the
solar PV industry with product innovations and optimized power cost ratio with
breakthrough monocrystalline technologies. LONGi supplies more than 30GW of
high efficiency solar wafers and modules worldwide yearly, about a quarter of
global market demand. Today, LONGi is recognized as the world’s most valuable
solar technology company with the highest market value and a major power
generation equipment supplier in the global solar energy field.
At the signing
ceremony, Jayant Parimal, CEO of Adani Green Energy, said: "LONGi is a
trusted partner with a leading position in product technology and financial
health. LONGi's high efficiency and reliable PV module products will help Adani
deliver greater value to our customers and bring superior clean energy to India
and the world."
"We are very
grateful to Adani for their trust and support. LONGi will seek to deepen our
cooperation globally and mutually continue to improve the level of the
strategic partnership.” said Dennis She, Senior Vice President of LONGi Solar.
“As a driver in the global energy transformation, LONGi will continue to
leverage its leading technologies and work with Adani to build best in class
solar projects in India and the world, and to promote the rapid development of
global renewable energy.”
LONGi hopes to bring high quality and affordable clean electricity to
India with its innovative photovoltaic products and technologies. LONGi and
Adani will jointly promote the transformation of renewable energy and the
structure of clean energy in India based on both companies’ common philosophies
and missions in energy transition.
