LONGi information prepare for Vina Solar after current purchase bargain

• Leading monocrystalline wafer manufacturer, LONGi Green Energy has actually given higher understanding right into its prepare for Vietnam-based PV supplier, Vina Solar after the purchase is finished, consisting of aspirations for a main production center to target considerable development of non-tariff module deliveries to the United States and also India.

In a capitalist teleconference, after introducing the current scheduled procurement of Vina Solar for RMB 1.78 billion (US$ 253 million), LONGi stated that the OEM or shop service version Vina Solar was based upon would certainly be kept in location for at the least the following couple of years, because of about 70% of solar battery as well as module setting up capability having actually currently been safeguarded by existing consumers, mainly vital 'Solar Module Super League' (SMSL) participants such as JinkoSolar, JA Solar and also Canadian Solar.

LONGi stated that Vina Solar had 3GW of mainly p-Type PERC solar battery capability and also 7GW of module setting up ability, with an undefined capability to take care of bigger wafer dimensions as well as fifty percent cut cells.

Business was likewise claimed to be running at a profit, with web earnings in the very first 9 months of 2019 getting to RMB 248 million (US$ 35.8 million). Vina Solar was stated to have solid pre-bookings with 2020 and also 2021, mostly for the United States market. Vietnam has actually not been consisted of in 2 United States toll rounds.

Vina Solar is additionally a significant provider of components, either own-branded or OEM in the Vietnam market, which has swiftly end up being a significant South East market. LONGi stated Vina Solar's market share in Vietnam mored than 50%.

LONGi's aspirations

LONGi monitoring stated that the Vina Solar procurement gave the fastest course to vital big markets, especially the United States as its only existing abroad production procedures remained in Malaysia with minimal capability as well as restricted ability to broaden.

Although the first concern it to remain to offer the OEM organisation as well as consumers, lots of are additionally clients of LONGi, the business is anticipated to upgrade cell as well as module lines to straighten with its SMSL subsidiary, LONGi Solar's PERC cell conversion effectiveness and also module choices. Vina Solar was stated to have comparable fundamental PERC cell innovation with LONGi Solar.

The vital factor for the procurement was to additionally increase ability for abroad markets that have actually made up about 60% of LONGi Solar's module deliveries in 2019 and also for 2020 as well as past. With several markets anticipated to be above 1GW in addition to the United States market anticipated to set up more than 20GW per year over the following couple of years, LONGi needs a brand-new big abroad production center. LONGi Solar is targeting about 3GW of module deliveries to the United States in 2020, administration stated in the teleconference.

The Vina Solar purchase is likewise being dealt with independently to the existing capability growth strategies that have actually been introduced this year in China. The China-based growth strategies are untouched by the Vina Solar procurement.