LONGi signs LOI to foster sustainable development in Indonesia

JAKARTA, Indonesia, Sept. 21, 2023 /PRNewswire/ -- From September 6th to 8th, the 43rd ASEAN Summit and the 26th ASEAN-China Summit were held in Jakarta. During these events, four proposals were presented to build a stronger ASEAN-China community with a shared future. As part of the sustainable development segment of the summit, LONGi was invited to participate in the Indonesia Sustainable Development Forum and engaged in in-depth discussions with local government officials, multinational organizations, enterprises, civil society organizations, and associations on key driving factors and opportunities for decarbonization and sustainable economy.

LONGi has signed a Letter of Intent (LOI) with strategic partners PT Adaro, PT Medco, and PT Energi Baru TBS to supply advanced modules for multiple projects in Indonesia. Utilizing LONGi's manufacturing expertise, the partners aim to enhance power generation capabilities and meet customer needs. Furthermore, LONGi will explore local solar module production facilities and participate in Singapore's EMA 4GW electricity procurement project through the INSPIRA consortium, a collaboration formed by the three strategic partners to export green energy to ASEAN countries.

Frank Zhao, LONGi's Head of Asia Pacific, expressed his pride in partnering with PT Adaro, PT Medco, and PT Energi Baru TBS, highlighting the strong mutual trust between the companies. Their shared goal is to support Indonesia's energy transition, and LONGi will continue to provide affordable, high-efficiency, and reliable photovoltaic modules.

During a high-level roundtable discussion at the forum, Frank shared his insights on energy transformation. He emphasized the global concern regarding climate issues and the decreasing cost of renewable energy as driving forces behind the energy transition. LONGi firmly believes that photovoltaics will play a pivotal role in the long-term "dual carbon" strategy, and through technological innovation and cost reduction, they are committed to making solar energy accessible to all.

Despite the fact that coal and oil account for over 70% of the country's energy supply, the Indonesian government acknowledges the transformative potential of solar photovoltaic power generation and plans to add a substantial 66 GW of solar capacity by 2030. LONGi is committed to dedicating substantial resources and working closely with strategic partners to unlock the prospects offered by this promising market.

About LONGi

Founded in 2000, LONGi is committed to being the world's leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/en

SOURCE LONGi