PR85857

XI'AN, China, Sept. 29, 2020 /PRNewswire=KYODO JBN/ --

This year, as a new member of the RE100 initiative, LONGi, the world leading

solar technology company headquartered in Xi'an, China, joined the 2020 New

York City Climate Week for the first time. LONGi is also amongst a roster of

the world's most influential companies committed to 100% renewable power that

is nominated for this year's RE100 Leadership Awards.

LONGi Founder and President Li Zhenguo was invited to speak at the opening

ceremony of the year's most influential international climate change event. As

the only business leader representing a Chinese company and major PV

manufacturer Mr. Li shared his vision on how solar technology is helping the

world address climate change and reiterated LONGi's commitment to making clean

energy more affordable and accessible with progressive technology and cost reductions.

Mr. Li was also invited to a panel discussion: "Future-fit Business Strategies

for a Net-zero World" with business leaders including Marc Engel, Chief Supply

Chain Officer of Unilever, Mathias Lelièvre, CEO of ENGIE Impact and Professor

Rebecca M. Henderson from Harvard Business School. The session was moderated by

Helen Clarkson, CEO of the Climate Group.

Li commented that "the value of solar energy is still underestimated". Over the

past decade, LONGi has been committed to reducing the "Levelized Cost of

Energy" of PV power generation. As solar power becomes cheaper and more

accessible, and with energy storage technology further maturing, PV will be

more competitive compared to traditional energy sources. Li also shared "Solar

for Solar", an initiative of LONGi of using clean energy to produce clean energy products.

In the panel, President Li was asked what actions LONGi is taking to influence

environmental policy. "When LONGi consider sites for our new factories, the

proportion of clean energy in the local energy mix is a significant factor in

our decision. We are more willing to open factories in locations with high

proportion mix of clean energy, for example, in regions such as Yunnan Province

in China, where clean energy currently accounts for 92% of its local grid."

In its commitment to clean, renewable energy and to the RE100 initiative, LONGi

has pledged to achieve 100% renewable electricity use for its global operations

by 2028. In addition to its own efforts in making manufacturing greener, Mr. Li

said that LONGi will also encourage its supply chain partners and customers to

deliver on the RE100 initiative together.

As clean energy becomes cheaper and more accessible, sectors such as energy

storage, hydrogen energy, smart grid, water recycling and seawater desalination

will undergo rapid development as part of a wider energy transition. Such

changes, Mr. Li added, will trigger transformative growth in the future.

During the week-long event, LONGi shared its latest technology and product

offerings at a virtual online exhibition and shared with the press LONGi's

strategy on green energy transition and the future trends of the PV sector.

About LONGi

LONGi, headquartered in Xi'an, China, focuses on manufacturing PV products and

providing solar power technology solutions. Its product offerings range from

wafers, cells, modules and PV solar power equipment to solar power systems.

The LONGi Group has evolved into a global company with assets of approximately

US$8.38 billion and more than US$4.65 billion in annual revenues in 2019.

SOURCE:LONGi Solar