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LONGi released its 2018 annual report and first quarterly results. The report shows LONGi’s operation revenue in 2018 was ¥21.988 billion, an increase of 34.38% over the previous year and net profit attributed to shareholders of listed companies was ¥2.558 billion. As of the first quarter 2019, the company’s total assets was ¥43.165 billion. Independent third-party research data showed LONGi accounted for 40% of the industry’s monocrystalline silicon wafer capacity, reinforcing its position as the largest monocrystalline module manufacturer in the world. According to BNEF, the financial health index, as measured by Alman-Z score, of LONGi ranks second in all global photovoltaic enterprises and first in China.

7.072GW Mono Cell and Module Shipment in 2018

In 2018, LONGi overseas shipments of monocrystalline silicon wafer was 3.483 billion pieces, an increase of 59% over the previous year. Annual shipment of solar cells and modules reached 7.072 GW, a 50% increase over the previous year. LONGi has actively promoted its brand internationally, made breakthroughs in business operations, and achieved rapid growth in shipments in the US, Europe, India, Latin America, Japan, Australia and Africa.

Looking ahead, LONGi will continue its focus on the global market and strive to achieve customer, service and management globalization to serve customers with high-efficiency advanced products.


By the end of 2021, mono wafer 65GW, mono module 30GW

By the end of 2018, the production capacity of LONGi monocrystalline silicon ingot/wafer has reached 28GW. The Chuzhou 5GW module factory in Anhui Province was operational in March 2019, further expanding LONGi's global high-efficiency monocrystalline module capacity.

LONGi also released the latest capacity planning: By the end of 2019, the capacity of ingot/wafer will be 36GW, cell capacity 10GW and module capacity 16GW. By the end of 2020, the capacity of ingot/wafer will be 50GW, while cell capacity will be 15GW and module capacity 25GW. By the end of 2021, the capacity of ingot/wafer will reach 65GW, the capacity of cell 20GW and the capacity of module 30GW.

 

The report consistently showed that sustained R&D investment has provided strong support for the development of new technologies and products in LONGi. In 2018, LONGi has obtained 526 patents.

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JinkoSolar Holding Co., Ltd., a reputable solar module manufacturer in the world, today announced that it has supplied 100MW of high efficient solar modules for the Srepok 1 and Quang Minh Solar Power Plant Complex, one of the Vietnam's largest solar power projects up to today.

The project is located in Buon Don district in the Central Highlands province of Dak Lak. Construction began in October 2018 with commercial operations beginning in January 2019. A total of US$95 million was invested in the project by Dai Hai Investment. The project is expected to reduce the need to import approximately 90,000 tons of coal into Vietnam annually and reduce CO2 emissions by 72,000 tons.

Speaking at the inauguration of the project, Deputy Prime Minister Truong Hoa Binh said that Dak Lak had an important strategic position in terms of economic development and security and defense in the region. Deputy Prime Minister Binh commented, "Renewable energy has become a global trend and Vietnam in general, and Dak Lak in particular, have a lot of potential for solar energy development. This complex will play an important role in our efforts to further the province's socio-economic development while ensuring national energy security."

JinkoSolar was selected as the exclusive supplier for the project due to its strong global track record and high-efficiency panels which are ideally suited for Vietnam'shot and humid climate. Mr. Gener Miao, Chief Marketing Officer of JinkoSolar, commented, "We are excited to collaborate with Dai Hai Investment to develop and promote solar energy in Vietnam. As one of the largest solar plants in this country, this project demonstrates JinkoSoalr's commitment to manufacturing reliable PV modules which form the foundation of this 25-year solar project investment. Quality is critical to large projects like this."

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Technique Solaire, advised by financial advisor Finergreen, reached financial close in April 2019 for a long-term financing totalling 54 M€ which will go towards the construction of it’s 47 MWp solar portfolio comprising assets which were awarded a tariff mechanism under the government’s so-called “CRE4.2” & “CRE 4.4” tenders.

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