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(Redirected from LONGi Solar) Chinese solar company

LONGi Green Energy Technology
Native name隆基绿能科技股份有限公司 (Chinese)
FormerlyXi'an LONGi Silicon Materials Corporation
ISINCNE100001FR6
IndustryPhotovoltaics
Founded14 February 2000
FounderLi Zhenguo
HeadquartersXi'an, Shaanxi, China
Key people
  • Baoshen Zhong, (Chairman)
  • Li Wenxue (Vice-President)
  • Li Zhenguo (President)
Chinese name
Simplified Chinese隆基绿能科技股份有限公司
Traditional Chinese隆基綠能科技股份有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinLóngjī Lǜnéng Kējì Gǔfèn Yǒuxiàn Gōngsī
Websitewww.longi.com Edit this at Wikidata

LONGi Green Energy Technology Co. Ltd. (Chinese: 隆基绿能科技股份有限公司) or LONGi Group (隆基股份), formerly Xi'an Longi Silicon Materials Corporation, is a Chinese photovoltaics company, a major manufacturer of solar modules and a developer of solar power projects.

LONGi is the world's largest manufacturer of monocrystalline silicon wafers and is listed on the Shanghai Stock Exchange.

History

The company was founded 14 February 2000 by Li Zhenguo as Xi'an LONGi Silicon Materials Corporation, with its corporate headquarters in Xi'an, Shaanxi. It changed its name in February 2017 to LONGi Green Energy Technology Co Ltd. to better reflect its wider manufacturing scope after its acquisition of LERRI Solar, and also dropped the "Xi'an" location as part of the name.

In early 2016, LONGi signed a $1.84 billion solar panel sales agreement with SunEdison Products Singapore and agreed to purchase silicon manufactured in South Korea. LONGi also took over SunEdison's Malaysian silicon plant.

In early 2018, LONGi announced plans to build a new 5 GW module assembly plant in the Chuzhou Economic and Technological Development Zone in China's Anhui province, pending an internal review process, then an investment of approximately RMB 1.95 billion (US$300 million) and approximately 28 months of construction and start-up for manufacturing operations to commence.

In 2023, the U.S. Department of Commerce ruled that Vina Solar, a subsidiary of LONGi was circumventing tariffs for Chinese made products.

In 2024, LONGi announced plans to reduce workforce overcapacity by 30% staff reductions. In April 2024, the European Commission initiated an investigation into LONGi over anti-competitive subsidies.

Subsidiaries and acquisitions

  • LERRI Solar Technology Co., Ltd., (a.k.a. LERRI Photovoltaic Technology, also LERRI Solar), was acquired by LONGi in 2014.
  • LONGi Solar

Operations

LONGI Silicon Materials is engaged in the research, manufacture and distribution of monocrystalline ingots. It is the world's largest monocrystalline silicon manufacturer, and has rapidly broken world solar efficiency records three times within five months. Fast Company listed Xi'an LONGi Silicon Materials one among "Most Innovative Companies 2013" "for supplying the solar industry with high-quality silicon wafers at low cost". LONGi Solar, a subsidiary of LONGI Green Energy Technology, recently achieved a new industry record with 23.6% conversion efficiency with its P-type monocrystalline PERC (passivated emitter rear cell) solar cells, toward which an increasing number of manufacturers worldwide are migrating. The technique involves taking a silicon wafer, typically 1 to 2 mm thick, and making a multitude of parallel, transverse slices across the wafer, creating a large number of slivers that have a thickness of 50 micrometres and a width equal to the thickness of the original wafer. These slices are rotated 90 degrees, so that the surfaces corresponding to the faces of the original wafer become the edges of the slivers. The result is to convert, for example, a 150 mm diameter, 2 mm-thick wafer having an exposed silicon surface area of about 175 cm per side into about 1000 slivers having dimensions of 100 mm × 2 mm × 0.1 mm, yielding a total exposed silicon surface area of about 2000 cm per side. The electrical doping and contacts that had been on the face of the wafer are now located at the edges of the sliver, rather than at the front and rear as in the case of conventional wafer cells, as a result of this rotation. This results in making the cell sensitive on both sides, from both the front and rear of the cell (a property known as bifaciality).

Longi Silicon is a member of the Silicon Module Super League (SMSL), which had been a group of big-six c-Si module suppliers in the solar PV industry today until Longi was admitted. The other six members of the SMSL group are Canadian Solar, Hanwha Q CELLS, JA Solar, Jinko Solar, Trina Solar, and GCL.

Longi Silicon has been listed on the Shanghai Stock Exchange (security code: 601012) since April 2012.

LONGi has been called the fastest growing PV manufacturer in the industry. LONGi annual revenue in 2013 was derived entirely from selling around US$330 million of mono c-Si wafers, but by 2016 that annual revenue had skyrocketed to approximately US$1.67 billion. That was a nearly 94% increase over the 2015 fiscal year, which had itself generated a revenue growth of around 61% over the year before.

LONGi has manufacturing plants in Mainland China, India and Malaysia, and has acquired production facilities from other companies, including from American manufacturer SunEdison. However, Photon.Info reports that Longi Green Energy is mulling an open manufactory in the USA.

Products

References

  1. ^ "Leadership". LONGi Green Energy Technology. Archived from the original on 27 February 2023. Retrieved 18 January 2023.
  2. "Osborne, M. LONGi changes name. PVTech. Feb 23, 2017 12:38 PM GMT. Accessed February 28, 2018". Archived from the original on 20 August 2020. Retrieved 29 September 2024.
  3. http://investors.sunedison.com/phoenix.zhtml?c=106680&p=irol-newsArticle&ID=2140389
  4. "LONGi Signs to Buy SunEdison's Wafer Plant and Polysilicon. EnergyTrend of TrendForce Corp. 2016-02-22 18:24". Archived from the original on 19 March 2024. Retrieved 19 March 2024.
  5. Osborne, M. LONGi plans new 5GW module assembly plant in China. Jan 05, 2018 12:49 PM GMT
  6. Longi and Jinko brands
  7. "Department of Commerce Issues Final Determination of Circumvention Inquiries of Solar Cells and Modules from China". Commerce.gov. 18 August 2023. Archived from the original on 9 March 2024. Retrieved 29 September 2024.
  8. "Yuen S. LONGi reportedly to layoff 30% of workforce. PV Tech. March 18, 2024". 18 March 2024. Archived from the original on 19 March 2024. Retrieved 19 March 2024.
  9. "EU investigates Chinese bidders over Romania solar tender". Reuters. 3 April 2024. Retrieved 3 April 2024.
  10. "EU launches 2 probes into China solar manufacturers". www.ft.com. Archived from the original on 17 July 2024. Retrieved 3 April 2024.
  11. "LERRI home page, default language is Mandarin Chinese; English available". Archived from the original on 19 June 2018. Retrieved 29 September 2024.
  12. "Longi Green brings mono c-Si PERC cell record to 23.6%. Renewables Now. February 28, 2018. Accessed February 28, 2018". Archived from the original on 2 July 2024. Retrieved 29 September 2024.
  13. "Most Innovative Companies 2013. Fast Company". Archived from the original on 18 May 2022. Retrieved 29 September 2024.
  14. "Kenning, T. LONGi hits record 23.6% conversion efficiency for mono PERC solar cells. PVTech, Feb 28, 2018 4:44 AM GMT. Accessed 2/28/2018". Archived from the original on 3 December 2020. Retrieved 29 September 2024.
  15. "Longi Green brings mono c-Si PERC cell record to 23.6%. Renewables Now. February 28, 2018. Accessed February 28, 2018". Archived from the original on 2 July 2024. Retrieved 29 September 2024.
  16. "Sliver Technology Research at the Australian National University". Archived from the original on 25 February 2010. Retrieved 7 March 2018.
  17. "'Silicon Module Super League' big-six to reach 50% global market share in 2016". 24 November 2015. Archived from the original on 5 July 2018. Retrieved 29 September 2024.
  18. "Bloomberg". Archived from the original on 1 March 2018. Retrieved 29 September 2024.
  19. "Osborne, M. LONGi is the fastest growing PV manufacturer in the industry. PV-Tech. In Editors' Blog, Manufacturing, Fab & Facilities, Materials, Cell Processing, Modules, Markets & Finance, Companies, Financial & Legal. Apr 01, 2017 2:29 PM BST. Accessed 2/23/2018". Archived from the original on 28 September 2020. Retrieved 29 September 2024.
  20. "Xi'an Longi to invest $126m in 100MW China PV plan. Publicover, B. ReCharge. 30 September 2015. Updated 28 September 2016. Accessed February 28, 2010". Archived from the original on 28 February 2018. Retrieved 29 September 2024.
  21. "Deals and company news from the global solar sector this week. Recharge: Solar Power Deals & Company News. 21 September 2015. Updated 28 September 2015. Accessed February 28, 2018". Archived from the original on 1 March 2018. Retrieved 29 September 2024.
  22. "SunEdison sells Malaysia factory, closes Texas poly-plant. Lee, A. RechargeNews. 18 February 2016. Updated 28 September 2016. Accessed February 28, 2018". Archived from the original on 28 February 2018. Retrieved 29 September 2024.
  23. "Photon.Info. 18/11/2017 – 20:52". Archived from the original on 1 March 2018. Retrieved 29 September 2024.
  24. "Eckhouse, B. Chinese Solar Maker Longi Mulling U.S. Plant as Tariffs Loom. November 15, 2017, 4:37 PM EST Updated on November 16, 2017, 12:01 AM EST. Accessed February 28, 2018". Archived from the original on 9 November 2020. Retrieved 29 September 2024.

External links

China Constituents of the SSE 50 Index (as of 23 February 2024)
China Constituents of the FTSE China A50 Index
China Constituents of Hang Seng China 50 Index
Portals:
China Solar energy companies in China
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