PR85749

XI'AN, China, Sept. 23, 2020/PRNewswire=KYODO JBN/--

LONGi, the world leading solar technology company, has signed an agreement with

TBEA Sunoasis ("TBEA") to supply 360MW of its high-efficiency solar modules for

TBEA's production base at Shihezi City in China's Xinjiang Uyghur Autonomous

Region. As part of the agreement, LONGi will prioritise delivery of 103MW of

its highly anticipated new product, which means that the Hi-MO 5 module,

designed for ultra-large ground power plants, can be officially evaluated by the market.

Logo - https://photos.prnasia.com/prnh/20181108/2292512-1-LOGO 

TBEA Sunoasis has rich experience in building large-scale wind and photovoltaic

power stations in desert, mountain, fishery-solar, agricultural-solar, low wind

speed, commercial roof, residential roof and other areas. With Class A qualification

for power construction general contracting, TBEA has successively undertaken

the construction of large-scale mountain photovoltaic power station,

fishery-solar power station, wind-solar desert grid-connected demonstration

power station project, commercial PV energy storage power station project and

other new energy projects which have reached new heights in the industry. By

far, TBEA has undertaken the construction of more than 5,000 wind power and

photovoltaic On-grid/off-grid power stations, with the capacity of nearly 16 GW.

LONGi released Hi-MO 5 in June and, just 70 days later, the first module rolled

off the production line at its factory in Xianyang City, Shaanxi Province. With

the construction of an additional factory in Jiaxing City, Zhejiang Province,

the production capacity of Hi-MO 5 modules will reach 12GW this year.

Photovoltaic products with higher power and value have gradually become the

trend and focus of the industry as we stand at the threshhold of the era of

grid parity. In order to meet the needs of global customers for ultra-high

power products, LONGi's R&D team has constantly challenged the most advanced

boundaries on the module application side in developing Hi-MO 5. As the world's

leading provider of power station solutions, TBEA's contract with LONGi

indicates that the ultra-high value of the new module will be fully recognized

by the market.

LONGi has undertaken a comparison exercise between the Hi-MO 5 module based on

182mm wafers with two other mainstream high-power products. According to

calculations, Hi-MO 5 is first of all significantly higher than other modules

in terms of module power and conversion efficiency. Taking the installed

capacity of a 100MW project as an example, the Hi-MO 5 module with a power of

535W has the optimal overall system cost among the three. The cost per watt of

the Hi-MO 5 module has been reduced by 3-4 cents, bringing cost savings of

about 3-4 million yuan. In addition, the high power and efficiency of Hi-MO 5

also reduces land requirements and module usage. Especially in terms of land

requirement, the Hi-MO 5 module can save 20-40 acres compared with the other

two modules. These extra benefits can significantly reduce the later operation

and maintenance costs of a power station. With its excellent LCOE performance,

the Hi-MO 5 module ranks top in several areas of evaluation, making it the

preferred choice for ultra-large ground power stations.

"The market's choice is the only criterion for testing the value of a product.

LONGi securing TBEA's order is just the first step for the new Hi-MO 5 module,"

commented Dennis She, Senior Vice President of LONGi Solar. "LONGi believes

that high performance and reliability are key requirements for our customers.

The Hi-MO 5 module will continue to have success around the world with the

arrival of the era of grid parity and its ultra-high value will continue to be validated."

SOURCE  LONGi Solar