ET Solar announced it is forming a joint venture (JV) with Xi’an LONGi Silicon Materials, a manufacturer of high-efficiency mono-crystalline products manufacturer.
The JV will help both companies complement and expand their respective expertise and advantages in technology, development, products, branding and sales channels. Together they will be dedicated to promoting high-efficiency mono-crystalline solar modules around the world.
The JV will focus on developing cost-effective mono-crystalline technologies, the most important engine for increasing solar power efficiency. It will help ET Solar to develop as a world-leading, high-efficiency mono brand, and reach parity with high-efficiency PV products and significant cost reductions on downstream power generation, a statement from the companies said.
“This strategic contract signifies an enhancement of mutual cooperation on technology, products and global marketing,” said Xinghua WANG, chairman of ET Solar. “Through this cooperation, ET Solar and LONGi will complement each another, forming a compatible and efficient alliance that combines the upstream and downstream sectors of the solar industry.”
“ET Solar and LONGi have their respective specialities in the PV industry,” said Baoshen ZHONG, chairman of LONGi, “but we share similar views and ideas about how to develop a global market, contribute to the environment and establish a subsidy-free PV market with net metering. Our strategic cooperation will open new doors for both parties.”
ET Solar has provided a cumulative 5 GW of modules for customers around the globe.
LONGi has always focused on R&D for mono products, leading to continuously decreasing costs and increasing Chinese market share of mono modules — from 20 to 25 percent.