LONGi stepped into solar power business in 2000 with the production and sales of high efficiency mono crystalline solar cells and modules. Longi grew up in a prodigious pace with a 100 tonne monosilicon production capacity in just 7 years. The Company has its headquarters in Xi’an and branches in Japan, Europe, North America, India, Malaysia, Australia and Africa. With break through monocrystalline technologies, Longi attempted product innovations to optimize power-cost ratio. Innovation and sustainable development are two of Longi’s core values.
Today Longi is the largest supplier of mono-crystalline products in the world, with total assets above $5.71 billion. With strong focus on R&D, production and sales & marketing of mono-crystalline silicon products, LONGi Solar is committed to providing the best LCOE solutions as well as promoting the worldwide adoption of mono-crystalline technology.
LONGi Solar Australia is based in Sydney’s Lower North Shore. It has a team who is ready and dedicated to support customers in residential, commercial and utility sectors. With local presence and confidence in LONGi Solar’s product and service, the whole business has evolved to a new level.
The company believed the impact of its technology can be most profitably demonstrated in Australia. To familiarise the Australian industry with its products and philosophies they formed key promotional and distribution partnerships. Since introducing a small range of solutions to Australia over 2016-2017, Longi has achieved a 320 MW market footprint in 2018 and 450 MW in 2019.
In their latest Q2-2019 report, based on bankability Bloomberg NEF once again named LONGi Solar in the Tier 1 ranking of photovoltaic modules manufactures. In its fifth annual PV Module Reliability Scorecard Report 2019, DNV GL, awarded LONGi Solar a “Top Performer” for module reliability, which is the third consecutive year that LONGi has won this award. It is an endorsement of its advanced technology, equipment, product testing and R&D capabilities.
In 2018, LONGi Solar shipped 7.07GW mono-crystalline modules, ranking first in the world in mono-crystalline cell and module shipments for four consecutive years. In the Altman-Z Score index, BNEF ranked LONGi Solar 1st in financial strength amongst PV companies worldwide. And as further evidence of its prudent financial management, LONGi Solar is ranked No. 1 with the lowest in debt ratio of 53% in the PV industry.
LONGi Solar has always given top priority to the quality and advanced technology of its products and modules. With continuous R&D investment, LONGi Solar has made remarkable technological progress. Since September 2017, the company has broken the world records for PERC cell and module technology eight consecutive times. The technological breakthroughs will gradually be incorporated into series production of LONGi Solar products. LONGi is recognized as the world’s most valuable solar technology company with the highest market value
Projects in Australia:
As the world’s biggest supplier of monocrystalline PERC cells, with around 45% global market share, Longi emphasises its financial stability and profitability — net profit in 2018 was CNY2.558 billion, total assets were then valued at CNY43.165 billion. LONGi had a strong end to the year 2019 and a good first quarter in 2020 as the company’s revenue and earnings continued to grow significantly. A strong technology leadership and considerable increase in global shipments made this possible. In 2019, LONGi’s revenue from operations has increased by 49.62% to reach 32.897 billion yuan ($4756.7 million). In Q1 2020, revenue from operations is reported at 8.599 billion yuan ($1233.6 million) which is 50.60% increase compared to the corresponding quarter in 2019.
Being a vertically integrated company, Longi makes silicon ingots, cuts them into wafers, makes solar cells from them, and then turns them into solar panels. By the end of 2019, the company reached 42GW of monocrystalline silicon wafer production capacity and 14 GW of mono panel production capabilities. Looking ahead, Longi aims to reach a monocrystalline silicon wafer production capacity of 75 GW, and monocrystalline module production capacity of 30 GW by the end of 2020.
LONGi received the prestigious “Trusted Brand 2020” award in the category of Solar Panels from Reader’s Digest in Australia. Stephen Zhang, General Manager of LONGi Solar Australia says, “The Trusted Brand award will further strengthen our confidence and determination to deliver sustainable, reliable and clean energy to all Australians.” Luke, Vice president of LONGi Solar says,’’ The LONGi will bring more advanced solar products and clean energy to the solar market and customers in Australia, continuously contributing to Australia’s sustainable development.”.
The words of Vice President and General Manager of LONGi Solar is a testimony for the bright future of LONGi Solar in Australia. With a higher scale of production and incessant improvement of PERC technology, LONGi’s manufacturing capacity will continue to expand, thus developing a stronger guarantee for the global market and a bright future for LONGi Solar Australia.