LONGi’s Expansion in Overseas Photovoltaic Production Continues as Serendah Module Factory in Selangor Officially Starts Operations – EQ
• LONGi Green Energy invested RMB 2.8 billion to inaugurate its first photovoltaic manufacturing base in Peninsular Malaysia, underscoring its unwavering pledge to deliver sustainable energy products and solutions to the global market.
• The Serendah Module Plant, a hallmark of LONGi Green Energy in Malaysia, will be developed in two phases. With an initial capacity of 2.8GW, the final output, upon completion of both phases, is projected to be a staggering 8.8GW.
• Through a strategic and proactive approach, LONGi Green Energy strengthens its foothold in Malaysia, showcasing its dedication to sustainable growth and its aim to boost local employment opportunities.
• The photovoltaic market is poised for substantial growth. Projections indicate a promising 29% annual increase, with capacity expanding from 761GW in 2022 to an impressive 2722GW by 2027. This surging demand underscores the strategic importance of the new manufacturing base.
Kuala Lumpur : As the global leader in solar technology, LONGi Green Energy Technology Co., Ltd. (“LONGi Green Energy”) is charting new territories in Malaysia. With an investment of MYR 1.8 billion (approximately RMB 2.8 billion), the avant-garde LONGi Malaysia Serendah Module Plant in Selangor has officially been set in motion. This landmark development signifies LONGi’s relentless pursuit of delivering top-tier solar products and spearheading sustainable energy practices.
This groundbreaking project, spanning over 140 acres, is LONGi Green Energy’s premier manufacturing venture in Peninsular Malaysia. Integrating the pinnacle of photovoltaic industry technology, craftsmanship, and equipment, the Serendah Module Plant is poised to revolutionise the sector. Once operational for the entire phases, the plant’s production prowess is slated to reach 8.8GW, reinforcing LONGi Green Energy’s ambition to champion global sustainable development and position Malaysia as a pivotal gateway for its photovoltaic exports.
Tracing its roots back to Xi’an, China, LONGi Green Energy is a global vanguard in the solar technology sphere. Its overseas ventures began in 2015, with Malaysia joining its portfolio in 2016 through ventures in Kuching and Bintulu. Its Malaysian subsidiary, LONGi Kuching, laid the foundation for the world’s first vertically integrated monocrystalline silicon solar manufacturing base in the Sama Jaya Free Industrial Zone, Sarawak. This facility is renowned for its specialised production of silicon ingots, wafers, and cells for solar modules. LONGi Green Energy’s commitment to Sarawak is evident, with investments amounting to MYR 5.6 billion (equivalent to RMB 8.7 billion), and the company’s vision includes further expansion within the region.
Concluding, Mr. Li Wenxu remarked, “Our investment in renewable energy is more than just a business decision; it symbolises a commitment to a cleaner, more enduring future. The inception of a solar manufacturing base in West Malaysia is a testament to LONGi Green Energy’s unwavering dedication to aiding Malaysia in achieving its renewable energy goals and carbon reduction objectives. Through continuous effort, LONGi Green Energy is committed to maintaining its leading stature in the global solar market and joining forces with Malaysia to co-create a brighter and sustainable tomorrow.”
About LONGi Green Energy Technology Co., Ltd.
LONGi Green Energy (Shanghai Stock Exchange Code: 601012.SH) is committed to becoming the world’s most valuable solar technology company. With the mission “Harnessing the brilliance of the sun to create a green energy world” and upholding the brand positioning of “stable, reliable, and technologically-driven”, the company focuses on technological innovation, targeting global customer needs. They have established five main business sectors: monocrystalline silicon wafers, cell modules, commercial and residential distributed solutions, ground photovoltaic system solutions, and hydrogen energy equipment, forming the capability to support global zero-carbon development with “green electricity” + “green hydrogen” solutions. In 2020, LONGi Green Energy took the lead in joining the international climate initiatives RE100, EP100, and EV100. By setting Science-Based Targets (SBTi), the company continually promotes its sustainable development, supports the energy revolution, and contributes to building a “green earth”.
Mr. Li Wenxu, Vice President of LONGi Green Energy Group, stated, “Following our successful endeavours in East Malaysia, we have confidently expanded to West Malaysia, underlining our firm commitment to fostering sustainable growth within the nation. It’s encouraging to witness Malaysia adopting our cutting-edge technologies, which propels its economic prosperity and solidifies our position as the global frontrunner in the solar industry.”
Beyond boosting the local economy, this investment also supports Malaysia’s aspiration to establish itself as a linchpin of sustainable development in Southeast Asia and to pioneer comprehensive decarbonisation within the region. Additionally, the LONGi Malaysia Serendah Module Plant in Selangor is set to provide approximately 900 high-quality jobs locally. From the initiation of monocrystalline silicon wafer production in 2016 to the expansion of silicon wafer, cell, and module production by 2023, LONGi Green Energy’s workforce in Malaysia has grown from a mere 570 to over 8,000, with a remarkable 99.9% being Malaysian residents.
Mr. Li Wenxu also highlighted that LONGi Green Energy greatly appreciates Malaysia’s international logistics capabilities, its reservoir of talent, and a government that is resolutely focused on sustainable development. In alignment with this appreciation and in a move to further our strategic advancements, LONGi Green Energy has chosen to establish its Asia-Pacific headquarters in Kuala Lumpur this year. This strategic establishment synergises our production with sales operations in tandem with our Malaysian manufacturing unit, enhancing LONGi Green Energy’s brand visibility in the Asia-Pacific region and guaranteeing top-notch products and services for our clients.
The developmental strides and sustainable targets of LONGi Green Energy are in perfect harmony with global renewable energy shifts. The rapidly progressing global solar sector is predicted to expand from 761GW in 2022 to an impressive 2,722GW by 2027, indicating an average annual growth rate of 29%. According to SolarPower Europe, by 2030, solar energy is poised to account for 24% of the global electricity mix, marking it as the primary power generation source.
With the inauguration of the LONGi Malaysia Serendah Module Plant in Selangor, LONGi Green Energy is poised to position Malaysia as a trailblazer in the realm of clean and sustainable energy. This endeavour aims to diminish global greenhouse gas emissions, lessen dependence on fossil fuels, and spotlight Malaysia as a green, zero-carbon pioneer in Asia and globally.
Concluding, Mr. Li Wenxu remarked, “Our investment in renewable energy is more than just a business decision; it symbolises a commitment to a cleaner, more enduring future. The inception of a solar manufacturing base in West Malaysia is a testament to LONGi Green Energy’s unwavering dedication to aiding Malaysia in achieving its renewable energy goals and carbon reduction objectives. Through continuous effort, LONGi Green Energy is committed to maintaining its leading stature in the global solar market and joining forces with Malaysia to co-create a brighter and sustainable tomorrow.”
About LONGi Green Energy Technology Co., Ltd.
LONGi Green Energy (Shanghai Stock Exchange Code: 601012.SH) is committed to becoming the world’s most valuable solar technology company. With the mission “Harnessing the brilliance of the sun to create a green energy world” and upholding the brand positioning of “stable, reliable, and technologically-driven”, the company focuses on technological innovation, targeting global customer needs. They have established five main business sectors: monocrystalline silicon wafers, cell modules, commercial and residential distributed solutions, ground photovoltaic system solutions, and hydrogen energy equipment, forming the capability to support global zero-carbon development with “green electricity” + “green hydrogen” solutions. In 2020, LONGi Green Energy took the lead in joining the international climate initiatives RE100, EP100, and EV100. By setting Science-Based Targets (SBTi), the company continually promotes its sustainable development, supports the energy revolution, and contributes to building a “green earth”.
