LONGi Solar strikes deal to buy Vietnam-based OEM Vina Solar

Facebook
Twitter
LinkedIn
Reddit
Email
In a financial filing announcing the deal, LONGi gave no reasons for the planned purchase of Vina Solar, or its future plans for the company, which has had number of rival PV manufacturers from China as customers. Image: Vina Solar

‘Solar Module Super League’ (SMSL) member, LONGi Solar has signed a framework agreement to buy Vietnam-based solar cell and module OEM (Original Equipment Manufacturer), Vina Solar for RMB 1.78 billion (US$253 million). 

Vina Solar is a subsidiary of Chinese industrial company East Group. The deal to purchase Vina Solar comes straight after China-based PV manufacturer, Jiangsu Akcome Science & Technology Co would have seemed to have pulled out of deal to purchase Vina Solar and its subsidiaries for the same amount as LONGi Solar has agreed. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

After further detailed due diligence, LONGi Solar hopes to complete the purchase before the end of June 2020. 

However, in a financial filing the company gave no reasons for the planned purchase of Vina Solar, or its future plans for the company, which has had number of rival PV manufacturers from China as customers. 

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 29, 2025
Beleaguered Swiss solar manufacturer Meyer Burger has reportedly laid off an unconfirmed number of employees at its US module manufacturing facility.
Premium
May 29, 2025
PV Talk: Global Solar Council CEO Sonia Dunlop tells Shreeyashi Ojha why the solar industry needs collective action to combat political and supply-chain disruption.
May 29, 2025
Researchers have developed a new methodology they hope will improve the modelling of the impact of different types of dust on PV performance.
May 28, 2025
ISC Konstanz is working with US solar cell manufacturer Suniva on its 1GW silicon solar cell production facility in the state of Georgia.
Sponsored
May 28, 2025
Ben Willis speaks to Astronergy about its next-generation TOPCon offering and the advantages of its zero-busbar module design, both of which were on show at Intersolar 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia