LONGi protects module supply offer for 190MW of projects in Malaysia
- LONGi Solar will provide its high-efficiency modules to 2 projects in Malaysia totalling 190MW that were granted in the third round of country's large-scale solar tender program.
The company will certainly give its Hi-MO 5 monofacial as well as Hi-MO 4 bifacial modules for the 100MW park in the state of Perak and also for the 90MW project in Kedah state.
Engie as well as TTL Energy are establishing the Perak center, while Solarpack and also JKH Renewables have partnered for the Kedah project. The installations are because of be appointed later this year and also are backed by 21-year power purchase agreements with Malaysian utility Tenaga Nasional Berhad.
"We substantially appreciate the depend on put in us by our consumers as well as Malaysia is a crucial market for LONGi in the Asia-Pacific region, one to which we have actually always been totally committed," stated Dennis She, elderly vice president at LONGi Solar.
Introduced in 2019, the third round of Malaysia's large-scale solar tender program saw 490MW of capability awarded. The nation has actually considering that completed bidding process for the 4th round-- for projects in the 10-30MWac and also 30-50MWac varieties-- with a total amount of 823MW granted.
The success of Malaysia's tender policy incorporated with enhancing capitalist rate of interest in its PV market have actually led working as a consultant Fitch Solutions to modify its release forecast for the country, anticipating capability to climb from around 996MW since year-end 2020 to more than 4GW by 2030. The consultancy thinks the government will launch additional solar auctions in the coming years, potentially with bigger target capabilities.
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