longi green energy technology

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has guided for a trebling of net profit increase for the first quarter of 2020, up 210% compared to the prior year period.

Preliminary data compiled by PV Tech highlights an unprecedented level of solar industry capacity expansion plans having been announced in just the first quarter of 2020, easily surpassing any total annual plans in the history of the industry.

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member approves around US$985 million in capex on three separate capacity expansion projects totaling 25GW for 2020.

Leading monocrystalline wafer producer spells out post-takeover plans for central manufacturing hub to target significant expansion of non-tariff module shipments to the US and India.

The new Q1 2020 bankability analysis has now been completed by the PV-Tech market research team, ranking PV module suppliers within the PV ModuleTech Bankability Ratings. The listing reveals that LONGi Solar now commands AAA-Rated status, the highest grade achievable. A further seven module suppliers are in the AA and A bands and four suppliers fall into the B levels.

‘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).

China’s PV industry is tentatively starting to get back to work after the extended New Year holiday period, due to the novel coronavirus (2019-nCoV).

ROTH Capital Partners has told investors that the recent outbreak of the Coronavirus in China is likely to impact the solar industry supply chain, due to extended work stoppage in eight provinces, many being key solar manufacturing hubs, through February 9th.

A wave of PV manufacturers listed on China stock markets have reported full-year net profit guidance for 2019 that indicates significant profit gains over the previous year.

Leading monocrystalline wafer producer, LONGi Green Energy has signed a new wafer supply agreement with major merchant solar cell producer, Tongwei Solar valued at approximately US$1.88 billion, over a three-year period.