ET Solar seeks joint overseas opportunities with Longi

first_imgET Solar seeks joint overseas opportunities with LongiET Solar, a China based provider of smart solar energy solutions, announced in Shanghai yesterday that it is to set up a joint venture with Longi Silicon to explore overseas opportunities. July 26, 2016 Vincent Shaw Manufacturing Markets Markets & Policy Share Longi is one of the largest monocrystalline product manufacturers in the world, and as part of the JV will seek more business opportunities for mono markets outside of China.The two companies agreed that ET Solar will assume the role of large shareholder of the JV, with Longi providing technical support in all aspects of mono products, including raw material supply, monocrystalline module manufacturing, and quality control to ensure high efficiency of products.The JV will focus on module sales branded as ET Solar for oversea markets, and is targeting 500 MW of high-efficiency mono modules via ET Solar’s current distribution channels in the first year.However, the JV will not include the primary EPC business of ET Solar, which is growing into a key business with ET Solar.Both companies have shown confidence in such collaboration. For ET Solar, the JV is means for the steady supply of high-efficiency monocrystalline silicon products at a fair price, thus enhancing the competitiveness of ET Solar’s module business and, in turn, its EPC endeavors. For Longi, the new JV is a good platform upon which to promote its mono silicon products to the world beyond China, much like the role played by Lerri Solar within the Chinese market. Another aim is to increase the entire market share of mono products, which has long been a permanent goal of Longi.Popular content Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. 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