On May 31, the Seventh China Energy Industry Development Annual Conference, along with the sub-forum commemorating the fifteenth anniversary of China Energy News, the Middle East Energy Investment Forum, was held in Beijing. This discussion board is sponsored by China Energy News and AIM Global Foundation, specializing in the theme of “Promoting Energy Science and Technology Innovation to Build a Financial and Industrial Platform.” The occasion is geared toward creating an trade platform for funding, financing, innovation, and growth between Chinese and Middle Eastern companies and establishments, selling multilateral cooperation to enhance the vitality manufacturing and finance ecosystem. James Jin, President of MEA&CA area of LONGi Green Technology Co., Ltd., attended the discussion board.
James highlighted that, over the previous decade, advances in R&D and innovation have led to over 89% reductions within the kilowatt-hour price of photo voltaic PV era. He emphasised that China’s photovoltaic business is creating quickly, establishing photo voltaic vitality as essentially the most aggressive and sustainable supply of inexperienced vitality. Global photovoltaic set up capability has elevated over the previous two years, with an anticipated development price of 25%-29% over the following decade. By 2023, LONGi is investing 5%-7% of its annual income in R&D.
LONGi not too long ago introduced a brand new document of silicon HBC photo voltaic cell effectivity of 27.30%, which reaffirms its management within the international photo voltaic vitality business. The firm additionally unveiled its Hi-MO 9 photo voltaic module in Madrid, Spain, with a silicon photo voltaic module conversion effectivity of as much as 24.43%. Hi-MO 9, a photo voltaic module with a capability of as much as 660W based mostly on HPBC 2.0 cell know-how and the TaiRay wafer, can enhance the earnings of energy era by 6.5%-8% in its lifecycle in comparison with different applied sciences, extra decreasing the Levelized Cost of Energy (LCOE) with its newest know-how.
James emphasised LONGi’s deep involvement within the growth of inexperienced vitality within the Middle East, a area with nice potential for photo voltaic PV and hydrogen growth. The Middle East enjoys annual sunshine of 2200-2300 hours and has huge desert areas with comparatively low land prices. Its strategic location and ports make it a perfect hub for exporting inexperienced vitality to China, Africa, and Europe. Consequently, the event of ‘Green Power + Green Hydrogen’ presents many alternatives for companies in MEA and China.
Since 2018, LONGi has invested in hydrogen R&D and began producing alkaline electrolyzers in 2021. LONGi at the moment operates two factories in Xi’an and Wuxi, with a mixed annual capability of two.5GW, the biggest in world. In March this 12 months, LONGi efficiently delivered the biggest single alkaline electrolyzer in China, with a capability of 3000Nm³/h.
In conclusion, James said that each innovation step within the renewable vitality business made by LONGi will profit Middle East international locations and Chinese business gamers. The HPBC-based Hi-MO 9 module, particularly, presents world-leading energy era and outperforms different applied sciences in related land-use eventualities. LONGi is assured that its new know-how will significantly contribute to the vitality transition within the Middle East area.
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