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With the decline in power generation costs, overseas traditional photovoltaic markets and emerging markets have maintained growth.
The data shows that in 2019, there are 15 countries and regions with domestic module export volume exceeding 1GW, an increase of 4 from 2018. Relevant agencies predict that in 2020, there will be about 43 countries with installed capacity exceeding 1GW.
The potential and opportunities of overseas markets are becoming the key to the layout of domestic companies.
As the world’s largest monocrystalline silicon manufacturer, Longji has started accelerating its expansion in overseas markets in recent years. Li Zhenguo said that Longji shares will still increase overseas market expansion in 2020. The shipment of components in overseas markets will account for about 60% in 2019, and the minimum target for 2020 will be no less than 60%.
For the vigorous layout of the overseas market, Longji shares can be regarded as one of the first batch of Nuggets. In this article, let us explore the road of “Overseas Nuggets” for this photovoltaic “king”.
On March 4, 2020, Longji signed a cooperation agreement with Solatio Energy (hereinafter referred to as “Solatio”), a Brazilian photovoltaic power plant developer. According to the agreement, Longji will supply 908MW high-efficiency Hi-MO 4 modules to Solatio for large-scale ground power stations in Latin America and industrial and commercial photovoltaic power generation projects in Brazil.
Solatio is one of Brazil’s largest GW-level photovoltaic power plant developers. The conclusion of this agreement also means that the two parties will join hands to bring breakthrough progress to renewable energy in Latin America.
The Longji Hi-MO 4 module products used in this cooperation have lower BOS cost and LCOE cost, and the excellent performance of the system side has been fully verified in many practical application projects around the world. After the project is completed, it is expected to bring sufficient clean power to Latin America and create hundreds of local employment opportunities.
Spain is located in southern Europe and is one of the regions with the best light conditions in Europe, which provides excellent prerequisites for the development of the photovoltaic industry.
On February 25, 2020, a photovoltaic power plant in Huelva, southern Spain, was successfully connected to the grid. Longji exclusively supplied modules for the project, totaling 50MW.
The project was invested and constructed by Spanish renewable energy company Alter Enersun and GES. At the commissioning ceremony, Jose Luis Morlanes, CEO of Alter Enersun and GES said, “I am very pleased to cooperate with leading component manufacturers in Longji. The timely delivery of Longji ensures the smooth commissioning of the project. We hope that this project will also be put into production. Can contribute to the rapid development of the Spanish renewable energy market. “
Longji said that it is very happy to bring advanced photovoltaic technology and high-quality photovoltaic products to local customers and partners, and contribute to the development of clean energy in Spain and the entire European region.
In addition, at the “Annual Supplier Partner Conference” held by the Iberdrola Group in Spain last year, Lonkey won the 2019 “Best Supplier” award for its reliable and efficient photovoltaic products and excellent services in photovoltaic power generation projects, becoming the only supplier of the year. The award-winning photovoltaic company is also the only “Asian face” in the award ceremony.
Iberdrola spoke highly of the efficient products and quality services provided by Longji: “Iberdrola hopes to apply more advanced technologies to invest in more projects in the field of clean energy, and cooperation with Longji will accelerate the use of renewable energy in Spain and even Europe. “
On February 23, 2020, an announcement by Longji Co., Ltd. to acquire Ningbo Yize attracted widespread attention in the industry. The announcement pointed out that Longji Leye, a wholly-owned subsidiary, intends to purchase 100% equity of Ningbo Yize in cash, with a benchmark price of 1.78 billion yuan.
It is reported that Ningbo Yize has a registered capital of 500,000 yuan and was established in 2014. Its main business is the production and sales of photovoltaic cells and modules, as well as the existing plant leasing business. It includes a number of holding companies and its production base is located in Vietnam. At present, Ningbo Yize has an annual production capacity of photovoltaic cells exceeding 3GW and an annual production capacity of photovoltaic modules exceeding 7GW.
According to the plan of Longji, taking into account the additional tariffs of the United States and other countries on China’s exports, after the completion of the acquisition, Vietnam will become the company’s second overseas factory after Kuching, Malaysia. It will quickly obtain capacity while avoiding overseas trade barriers. .
In fact, Longji’s previous production capacity was mainly in Malaysia. The relevant person in charge said that the acquisition was mainly for overseas expansion, mainly for export, and at the same time to increase cell production capacity, accelerating Longji’s overseas production capacity.
On November 28, 2019, Longji signed a cooperation agreement of up to 1.2GW with Adani Green Energy, the largest photovoltaic power station developer in India, a subsidiary of global energy giant Adani.
According to the agreement, Longji will supply Adani with Hi-MO4 modules with a maximum of 1.2GW and a minimum of 500MW in 2020, and maintain and continue to deepen its strategic cooperation relationship with Adani in the next 3-5 years.
As the second largest photovoltaic market in the world, India has huge development potential, and in a strategic sense, it cannot be ignored.
As early as July 2015, the Indian government launched an ambitious ambitious plan to reach 100GW in 2022. Since 2015, India ’s annual photovoltaic growth has grown at a rate of nearly 100%, surpassing mature markets such as Japan and the United States each year.
It is worth mentioning that from the ranking of component companies in the local Indian media, Longi has been one of the top ten component suppliers in India in recent years. Even, Longji’s exposure in the Indian photovoltaic media is higher than that in other countries.
Longji began to penetrate the Australian new energy market in October 2016. With its efficient and reliable products, it has developed rapidly in the local area and achieved significant results.
According to statistics, in the first quarter of 2018, Longji shares reached a monthly delivery volume of 10MW in Australian rooftop photovoltaics; in June 2018, Longji signed an order for Australia’s first large-scale ground power station; in October 2018, Longji signed a large-scale Power plant contract, over 300MW; In February 2019, Longji ranked as a TOP 3 exporter of Australian companies.
At this stage, Longji has established a good cooperative relationship with large Australian power station investors and EPC, and has a complete distribution network in the local area. After more than two years of accumulation, Longji’s high-efficiency single-crystal modules are distributed in Queensland, New South Wales, Victoria and other places in Australia.
Longji said that the company will continue to strengthen and consolidate its development achievements in the Australian photovoltaic market in the future, and actively help Australian states to promote clean energy such as solar photovoltaic.
6. United States:
The United States, as the world’s third-largest installed market, has an installed potential in the midst of an explosive period.
Benefiting from the impact of ITC’s tax credit policy, in recent years, the U.S. photovoltaic industry has made steady progress. In 2016, U.S. photovoltaic installations surpassed other new energy installations for the first time, reaching 14.762GW. Since the rebound in 2018, new photovoltaic installations in 2019 will It will reach 13GW, and the newly installed photovoltaic capacity will reach 18.5GW in 2020.
As the installed capacity of photovoltaics in the United States increases year by year, the company’s attention to the United States photovoltaic market has continued to increase, and even Tesla has begun to pursue. Not only is Tesla “unrequited” about the US photovoltaic market, domestic photovoltaic companies have already tilted towards this market.
For the fertile soil of the United States, Longji shares are also very favored. In the latest conference call of Longji, Longji revealed that the company’s capacity layout in Malay focuses on the supply to the United States, and the US market shipments will reach about 3GW .
To sum up:
The global photovoltaic industry looks at China, and Chinese photovoltaic companies are in full swing to expand production.
In terms of overseas expansion, in addition to the above-mentioned countries, Longji shares have also been deployed in Pakistan, Malaysia, Norway and other countries. It can be said that it has achieved rapid development and expansion.
Data show that Longji’s five-year compound growth rate of revenue is 57.34%, and its five-year compound growth rate is as high as 104.80%, continuously ranking among the world’s highest photovoltaic companies. At the same time, the output of single crystal silicon wafers ranks first in the world, accounting for about 40% of the global market share, and the number of single crystal module shipments in the world.
In terms of overseas revenue growth, specifically, in 2017, only 10% of Longji’s products were exported overseas; in 2018, module shipments were 7GW, and overseas shipments accounted for 30%. In the first half of 2019, 76% of Longji’s module products were exported overseas, and the sales of single crystal modules reached 2.4GW, exceeding the full-year level of 2018.
At present, the market value of Longji shares has reached 100 billion, and it has become the company with the highest market value in the photovoltaic industry. Coupled with the highest profit halo, it can be called the “king” in the photovoltaic capital market.
It is worth mentioning that Longji shares mentioned in the recently released 2019 performance forecast that the company’s performance in 2019 will achieve a substantial increase and the overseas market will grow significantly. In 2019, Longji’s overseas market business revenue accounted for more than 60%.
Longji is expected to realize a net profit attributable to shareholders of listed companies of 5 billion to 5.3 billion yuan in 2019, an increase of 2.442 billion to 2.742 billion yuan over the same period last year, and an increase of 95.47% to 107.7%. 19%. At the same time, in 2019, the company expects to realize a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 4.817 billion-5.117 billion yuan, a year-on-year increase of 105.50%-118.30%.
The relevant person in charge of Longji shares said that the photovoltaic industry will develop into a continuous industry with a level of thousands of GW, and it has become the general trend.
For the future, Longji expects that from this period of 2020 to 2025, China’s photovoltaic will start accelerated deployment; from 2025 to 2035, China’s photovoltaic will enter a period of large-scale accelerated deployment. In 2025 and 2035, the total installed capacity of China’s photovoltaic power generation will reach 730GW and 3000GW, respectively, and by 2050, the data will reach 5000GW, and photovoltaic will become China’s largest power source, accounting for about 40% of the national electricity consumption in that year. .
Editor: Carrie Wong / WSL Solar
WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.
A few days ago, Wang Bohua, secretary general of the China Photovoltaic Industry Association, provided data that from January to October 2019, China’s photovoltaic product exports reached a new high.
According to statistics, the total export of silicon wafers, solar cells and solar panels reached US $ 17.74 billion, a year-on-year increase of 32.3%. Among them, the high-tech midstream photovoltaic products’ solar cell exports in the first half of this year have exceeded the whole of 2018; downstream solar panel exports have exceeded the whole of 2018 in the first eight months of this year.
Not only that, Wang Bohua said that based on the substantial increase in export value, the diversification trend of China’s solar photovoltaic exports has also become stronger. At present, there are 26 countries and regions with exports exceeding US $ 100 million, and 13 countries with exports exceeding 1 GW.
Editor: Carrie Wong / WSL Solar
WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006.