Country for PR: China
Contributor: Xinhua News Agency
Tuesday, July 10 2018 - 04:00
Li Zhenguo: PV will be the cheapest power source in most parts of the world
BERLIN, July 10, 2018 /Xinhua-AsiaNet/--

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 

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. 

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Source: LONGi Green Energy Technology Co., Ltd. (LONGi)

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