Li Zhenguo: PV will be the cheapest power source in most parts of the world

Energy Press Releases Tuesday July 10, 2018 10:29
BERLIN--10 Jul--Xinhua-AsiaNet/InfoQuest

On July 9, at the 9th Sino-German Economic and Technical Cooperation Forum held in Berlin, Germany, Li Zhenguo, President of LONGi Green Energy Technology Co., Ltd. (LONGi), a leading Chinese PV industry company, made a keynote speech for the Energy Transformation and Energy Conservation Theme Forum, saying that in the next three years solar PV will become the cheapest power source in most parts of the world.

He said that, as photovoltaics and energy storage provide the cheapest energy source, the ideal of "Solar for Solar" can be realized in the future. By 2050, PV will become an industry that generates thousands of gigawatts (GWs) per year.

LONGi is the world's largest manufacturer of solar monocrystalline silicon photovoltaic products. Since its establishment, it has always focused on single crystal technology and engaged in monocrystalline silicon wafers, single crystal cells and modules, distributed photovoltaic power plants and ground photovoltaic power plants. In Photon's triathlon ranking, LONGi has the best financial health index ranked first and one of the best financial stability indexes.

LONGi has a research and development (R&D) team of more than 450 people and has obtained 260 national patents. Since its listing in 2012, the company has invested a total of US$ 385 million in research and development, ranking first in the global photovoltaic industry. The largest provider of monocrystalline wafers and components in the world, LONGi in 2017 has an operating revenue of US$ 2.556 billion, a net profit of US$ 557 million, and the total asset of US$ 5.14 billion.

For more information, please visit: http://www.longi-solar.com/
Source: LONGi Green Energy Technology Co., Ltd. (LONGi)
Image Attachments Links:
http://asianetnews.net/view-attachment?attach-id=315658
AsiaNet 74307

Latest Press Release

GW Electric Installs first Premolded Dry Type Outdoor Terminations in Asia-Pacific Region and United States

G&W Electric recently installed the first 138kV Python(R) single-piece, premolded dry type outdoor terminations in Malaysia, Philippines and Ansonia, CT. To meet the growing demand for regional grid efficiency and modernization, the 138kV Python...

PTT Group and Petroleum Refining Industry Club of F.T.I. Forecast Oil Price of 2019

Petrochemicals and Refining Integrated Synergy Management (PRISM) and Petroleum Refining Industry Club of Federation of Thai Industries forecasted that Dubai crude oil price in 2019 would be around 70 – 80 USD/bbl. Factors that should be closely...

WHAUP and ZF Lemforder Sign the agreement to Install Solar Rooftop

WHA Utilities & Power PLC received an agreement from ZF Lemforder (Thailand) Co., Ltd. to install Solar Rooftop on ZF's factory at Eastern Seaboard Industrial Estate (Rayong) with a capacity of 0.8 MW. Mr. Thinus Steyn (middle right), Head of Region...

Seraphim Solar Secures 80 MW Supply Agreement in Vietnam

Jiangsu Seraphim Solar System Co., Ltd. ("Seraphim") recently signed new landmark supply agreements for two separate PV projects totaling 80MW in Vietnam. The Solar farms are a joint venture project of AMI Renewables of Vietnam and AC Energy of the...

Government of India, Mission Innovation Rocky Mountain Institute Launch Global Cooling Prize

Government of India, Mission Innovation and Rocky Mountain Institute today launched The Global Cooling Prize, an international competition to find a residential cooling technology with at least five times less climate impact than the standard room air...

Related Topics