LONGi Solar Chairman Zhong Baoshen at BNEF London Summit: PV will become the main energy source for mankind

LONGi Solar Chairman Zhong Baoshen at BNEF London Summit: PV will become the main energy source for mankind

LONDON, Sept. 19, 2017 /PRNewswire/ LONGI Solar, a fully-owned subsidiary of LONGi Group (SH601012), announced that the Company will be the major sponsor of Bloomberg New Energy Finance's (BNEF) 'The Future of Energy Summit' - a premier invitation-only forum at the nexus of energy markets, industry, finance, and policy, which is starting in London today.

"We are proud to discuss the start of the PV 3.0 Era at the Bloomberg Summit at a time solar has become the lowest cost power solution in many regions of the world," said LONGi Solar Chairman Zhong Baoshen.

A Summit Theme Dinner on 'Understanding the Chinese Solar Boom, its Implications and Impact on PV Grid Parity' will be hosted by LONGi Solar. China has been the world's largest solar market since 2013, is expected to install over 40 GW this year, equal to around half of the world's new solar capacity additions. In August 2017 China's government announced to add 86.5GW of new utility-scale PV by 2020 in an effort to accelerate solar growth in the country and push solar power's costs down to parity with coal.

"PV3.0 means that we are reaching the third phase of the solar revolution", said Zhong Baoshen . "While in 2017, global installed PV capacity reached 300 GW and contracted solar power prices plunged to less than $0.03/kWh, it will take little more than 5 years until solar power capacity gets to the1 Terawatt (TW) level, - that's about equivalent to China's coal power generation capacities. In the PV3.0 Era, PV and other green energy sources will become the main energy sources of mankind."

About LONGi Solar

LONGi Solar is a world leading manufacturer of high-efficiency monocrystalline solar cells and modules. Headquartered in Xi'an, China, the Company has branches in Japan, Europe, North America, India and Malaysia. LONGi Solar is a wholly owned subsidiary of LONGi Group (SH601012) - the largest supplier of monocrystalline silicon solar wafers in the world with 12 GW of wafer capacity by year-end and plans to expand to 20 GW by 2019. With strong focus on R&D, LONGI is active in the entire monocrystalline silicon value chain, including solar power plants.