Adani Green Energy—renewable energy arm of the Adani Group—has entered into a strategic partnership agreement with Chinese module manufacturer LONGi Solar for procurement of up to 1.2 GW Hi MO4 bifacial modules by 2020. Both the companies have also agreed to continue to deepen their strategic partnership over the next 3-5 years.
Launched in May, Hi-MO4 deploys upgraded PERC technology based on 6 busbars, with cell efficiency reaching 22.5% and module power peaking at 430W (72 cells).
Notably, in January 2018, LONGi Solar had announced plans to set up 1 GW each for monocrystalline cell and module manufacturing capacity in the Indian state of Andhra Pradesh—which the company suspended citing changes to business environment in India.
Adani Green Energy is one of the largest renewable energy companies in India engaged in the development of solar, wind and hydro energy with a project portfolio of around 5.5 GW, of which around 2.5 GW is operational. The remaining is to be operationalized over the next two years.
As of June 30, Adani had operational solar portfolio of 2048 MW, with another 575 MW of solar and 990 MW of hybrid projects under implementation.
Speaking at the signing ceremony, Adani Green Energy CEO Jayant Parimal said: “LONGi is a trusted partner with a leading position in product technology and financial health. Its high-efficiency and reliable PV module products will help Adani deliver greater value to our customers and bring superior clean energy to India and the world.”
“LONGi will seek to deepen our cooperation globally and mutually continue to improve the level of the strategic partnership.” said LONGi Solar Senior Vice President Dennis She. “As a driver in the global energy transformation, LONGi will continue to leverage its leading technologies and work with Adani to build best-in-class solar projects in India and the world, and to promote the rapid development of global renewable energy.”