A LONGi has started mass production of its high-performance Hi-MO 5 series of solar panels at the factory in Xianyang, Shannxi province. The first module rolled off the production line on September 8th.
The modules, which have a power of 540 W, are based on standard M10 monocrystalline wafers and have an efficiency of up to 21%. The company stated that the solar panels significantly optimize the LCOE (Levelized Cost of Energy), especially for large photovoltaic projects.
LONGi also announced the first order for its Hi-MO 5 modules, secured with Chinese EPC contractor and inverter manufacturer TBEA Sunoasis. According to the manufacturer, 360 MW will be supplied. In a first installment, 103 MW of the new panels will be delivered to TBEA by LONGi.
“How much a product is really worth is ultimately decided by the market. The TBEA order is just the beginning for LONGi in distributing Hi-MO 5 modules. We assume that high performance and reliability are basic requirements for our customers. The Hi-MO 5 module will continue its international success once we achieve grid parity,” highlighted Dennis She, Senior Vice President of LONGi.
future
According to the company, the start of series production is just the first step. This is because they wish to increase the production capacity of the new series of modules by up to 12 GW this year. The industry located in Xianyang currently has 5 GW of installed power.
LONGi also highlighted that it is building a new factory in Jiaxing, Zhejiang province, which should have the same level of capacity. With the expansion of production, the manufacturer aims to meet the expected demand for the new product.
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