Chinese photovoltaic firm LONGi has signed a letter of intent to supply advanced modules for several solar projects in Indonesia.
To this end, the firm has signed the letter with a number of major players in the Indonesian energy industry that includes miner PT Adaro, oil and gas firm PT Medco and power developer PT Energi Baru TSB. It is expected that the deal would benefit from a Singaporean initiative to import 4GW of low-carbon electricity from overseas, a project introduced in 2021.
It is reported that Singapore currently imports 3 GW of such electricity, with 2 GW of this capacity coming from Indonesia. Adaro Solar International, a subsidiary of PT Adaro, has supplied 400 MW of low-carbon electricity to Singapore as part of this initiative, with both countries plans to develop a well connected electricity network.
Though the firm did not disclose any further details about the deals, but the company is reported to have made a number of strides in its manufacturing work in recent months.
It may be recalled that at the SNEC conference, held in China in May, the company launched its latest module, the Hi-MO 7 series, and announced that it had achieved a conversion efficiency of 31.8% on a silicon-perovskite tandem cell.
As per other reports, LONGi has joined the Forward Faster initiative, a UN project to encourage corporations to work towards achieving the UN’s sustainable development goals. LONGi has committed to two of the five areas within the initiative, gender equality and climate action. In addition, it is working towards the continued growth of a major solar manufacturer that could have a positive impact on the world’s decarbonisation efforts.