Frankfurt am Main, 05.11.2024 – LONGi has retained its AAA rating in PV-Tech’s Q3 2024 PV ModuleTech bankability ratings and has now been at the top of the rankings for 19 consecutive quarters. This ongoing achievement underlines the company’s long-term commitment to quality, innovation, financial stability, and leadership in the photovoltaic industry.
The PV ModuleTech bankability ratings provide a comprehensive evaluation of solar manufacturers based on multiple critical factors, including value chain resilience, production capacity, global distribution capabilities, capital expenditures, R&D investments, and cash-flow management. LONGi’s sustained AAA rating reflects its robust operational performance and commitment to advancing solar technology and reliability standards in a rapidly evolving energy market.
HPBC 2.0 and a new world record: Solar technology innovations remain key growth driver
Pioneering in innovation, LONGi has recently introduced revolutionary products like the Hi-MO X10 in key global markets, featuring its upgraded HPBC 2.0 back contact cell technology. In Addition, in October 2024 LONGi announced a new world record for crystalline silicon module efficiency. According to the latest certification report from the Fraunhofer Institute for Solar Energy Systems ISE in Germany, the efficiency of the HPBC 2.0 module independently developed by LONGi has reached 25.4%, breaking the world record for crystalline silicon module efficiency.
The company’s long-standing recognition in the PV ModuleTech rankings reflects the trust it has built with stakeholders and partners worldwide. LONGi remains steadfast in its mission to not only lead but also shape the future of photovoltaic technology by adapting to market shifts and consistently delivering outstanding value to customers.
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Nadine Bütow
Head of European Communications (DG)
Timo Helmke
PR Manager Europe (DG)
About LONGi and LONGi Solar
LONGi Solar is one of the world’s largest solar technology companies. It is a subsidiary of LONGi Green Energy Technology (LONGi), which was founded in 2000. LONGi has more than 60,000 employees, 30+ locations and 30 manufacturing sites globally. LONGi Europe is headquartered in Frankfurt am Main, Germany. The company has established five business sectors, covering mono silicon, wafers, cells and modules, commercial and industrial as well as residential distributed solar solutions, green energy solutions and hydrogen equipment to support the development of zero-carbon energy globally.
Since 2021, LONGi has broken the photovoltaic (PV) cell conversion efficiency record 18 times in a row. Currently the company is holding two efficiency world records, both officially confirmed in 2024: 34.6% for crystalline silicon-perovskite tandem solar cells, and 27.30% for crystalline silicon Heterojunction Back Contact (HBC) solar cells. LONGi is the first Chinese solar manufacturer to join the three distinguished climate initiatives RE100, EP100 and EV100. Under the Science Based Targets Initiative (SBTi), LONGi has set a 2030 emission reduction target aiming to reduce greenhouse gas emissions by 60 percent across its operations and productions compared to 2020 levels.
