LONGi Achieves 7GW Milestone for Mono-Crystalline Sales In India

LONGi Solar, the global leader by Module sales announced on May 6  that it has achieved a significant milestone in India by shipping over 7GW of high efficiency solar panels, the highest in mono-crystalline category. On 6th May, the LONGi India team celebrated this achievement with its customers at a hotel in New Delhi.

LONGi is arguably a bellweather firm for the  PV industry today, being the world’s largest manufacturer of solar panels with the highest market share and the largest technology company with the highest market value in China’s A-share market. According to its 2021 financial report, besides 70.1 GW of Wafer shipments, the company shipped a massive 38.5GW of its monocrystalline solar panels, an increase of 57% year on year. LONGi is also the only Chinese solar energy company to join the “RE100”, “EV100” and “EP100” initiatives and the global SBTi (Science Based Targets initiative), actively and progressively working on transforming the energy supply globally.

LONGi India Team

In India, the company is into its sixth year now and has now consolidated its position as the largest exporter with the highest market share. The company’s steep progress in recent years owes its focus on innovation and quality, which has progressively differentiated itself from the competition on technology and reliability of its products. With over 1387 authorised patents and an investment of more than600 million USD in research and development, LONGi has been leading on the technology front with an efficient R&D system, accounting for 5.43% of its operating income last year.

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Based on the company’s brand concept of ‘Customer Value First’, ‘LONGi Lifecycle Quality’ was established last year to guarantee that its products perform reliably and efficiently throughout their lifespan, allowing clients to achieve a high return on investment throughout the entire lifecycle of a PV plant.

The company’s roster of Indian clients is a virtual who’s whop of top Indian developers, besides other large projects.

Talking about this, Pradeep Kumar, Managing Director for LONGi India, mentioned, “LONGi has been a truly transformational company in its strategy with a keen focus on technology leadership along with providing the best value for investment for its customer. Indian developers can discern this differentiation and value our commitment to quality above everything else. Along with this our partnership approach with our customers has been the key reason for this success in the Indian market.”

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Luke LU, Head of APAC region & Vice President for LONGi Solar said “LONGi is committed to the Indian market, and we would be keenly exploring the possible synergies bringing our technical expertise to the thriving Indian manufacturing segment in the near future. It gives us
immense joy that we have been a trusted partner for all the leading Indian solar developers for the last 5 years as India strides towards achieving its energy transformation and achieving energy independence.

Last week, the firm had announced its 2021 and Q1 results. It ended the year with $12.15 billion in revenues, and over $1.35 billion in profits for the year. Q1 revenues for 2022 were around $2.80 billion.