Longi energy storage inverter acquisition

What's going on with LONGi Solar?

There is also news of a 1.1 GW central inverter procurement contract, a pending IPO for solar cell player Runergy, and a $700 million-plus solar glass supply contract. Longi shipped more modules than anyone else in the first half of the year, according to PV InfoLink. Image: pv magazine/Dave Tacon

Will LONGi Solar continue to serve OEM customers?

Although the initial priority it to continue to serve the OEM business and customers, many are also customers of LONGi, the company is expected to update cell and module lines to align with its SMSL subsidiary, LONGi Solar’s PERC cell conversion efficiencies and module options.

What does Longi Green Energy want from Vina solar?

Leading monocrystalline wafer producer, LONGi Green Energy has provided greater insight into its plans for Vietnam-based PV manufacturer, Vina Solar after the acquisition is completed, including ambitions for a central manufacturing hub to target significant expansion of non-tariff module shipments to the US and India.

Will LONGi Solar buy Vina solar?

LONGi Solar is targeting around 3GW of module shipments to the US in 2020, management said in the conference call. The Vina Solar acquisition is also being treated separately to the current capacity expansion plans that have been announced this year in China. The China-based expansion plans are unaffected by the Vina Solar acquisition.

What happened to PV inverters?

The rest of the pack, according to PV InfoLink, posted anything from a 30% year-on-year rise to a decline in shipments. A subsidiary of state-owned energy company the China Energy Investment Corporation today announced a tender to purchase 340 central inverters.

Does Jiangsu runergy have an inverter capacity?

The products, which add up to 1.1 GW of inverter capacity must offer 1,500 V and a rated power of 3.125 MW each. Cell maker Jiangsu Runergy New Energy Technology Co Ltd has announced plans to list on the A-share stock market, with the help of Haitong Securities.