ET Solar and Longi create joint venture as the world’s leading brand of monocrystalline products
ET Solar has announced that it has signed a cooperation agreement with Xi’an Longi Silicon Materials Corp., the world’s largest manufacturer of high-efficiency monocrystalline products, to form a joint venture.The joint venture provides that ET Solar and Longi replenish and expand their respective expertise and advantages in technology development, products, branding and distribution channels. Institutions are hoping to advance in the world market for high-efficiency monocrystalline solar modules.
Both parties are of the opinion that it is important for future breakthroughs in terms of development and cost of solar technology, especially on the efficiency. Cost-efficient Monocrystalline technologies will be the driving force to make solar energy more efficiently. Both companies have to make the stated goal of ET Solar become a world market leader for high-efficiency monocrystalline solar modules. In addition, one wants to catch up with high-efficiency PV products and cost savings in the downstream power generation.
Both ET Solar and Longi see the cooperation in the future very confidently. “This strategic agreement facilitates joint cooperation in technology, products and global marketing”, Xinghua Wang, chairman of ET Solar. “Through this cooperation, ET Solar and Longi will complement each other. The result is a compatible and efficient alliance, which brings together the upstream and downstream sectors of the solar industry.”
“ET Solar and Longi each specializing in different areas of the PV industry,” said Baoshen ZHONG, Chairman of Longi. “We share similar views and ideas on what, environmental protection and the establishment of a non-subsidized PV market with net metering concerns the development of a global market. Our strategic alliance will open new doors for both parties.”ET Solar manufactures advanced solar modules and develop a long-time-art PV products. This is complemented by excellent services to cover the diverse needs of customers in the solar industry. ET Solar has been delivered a total capacity of 5 GW worldwide.
Longi is the world’s largest manufacturer of monocrystalline products. Through its R & D expertise in the production of monocrystalline products could achieve continuous cost savings and increase its market share for Monocrystalline modules in China from 20% to 25%.