LONGi to propel Egypt's energy transformation with green electricity and hydrogen solution

Global News

Beijing, China, September 26, 2023 - LONGi founder and president Li Zhenguo has attended the 2023 edition of the Global Energy Interconnection Conference in Beijing. The focus of the conference was the development of a global energy interconnection and the construction of a new energy system to contribute to the implementation of the United Nations 2030 Agenda for Sustainable Development.

During the conference, president Li met with Dr. Mohamed Shaker, Egypt’s Minister for Electricity and Renewable Energy, who presented his country’s long-term renewable energy development strategy. Egypt's national objective is to achieve a 42% share of renewable energy in its energy mix by 2035 and to accomplish this the Egyptian government has proposed the implementation of renewable energy projects using a Build-Own-Operate-Transfer (BOOT) model as part of its commitment to the expansion of green hydrogen and green ammonia projects.

Dr. Shaker revealed that the government is currently in discussions regarding projects of a substantial scale, with some reaching 40 GW, emphasizing the country’s proactive approach to promoting the synergistic combination of green electricity and green hydrogen, with its ambitious plans to implement over 120GW of renewable energy projects by 2030. The strategy is to develop green hydrogen and green ammonia solutions for export to Europe and other regions, the initiative resulting in a significant boost for the country’s foreign exchange related revenue.

For his part, president Li provided an overview of LONGi developments, highlighting the company's global leadership in cutting-edge technology. He went on to draw a link between LONGi possessing the world's most advanced technology and Egypt’s exceptional land and light resources, a collaboration between the two parties capable of significantly accelerating the country’s transition to new energy.

Looking at future business prospects, Li expressed his view that the global energy landscape is undeniably moving toward a green and clean transformation. In light of this positive outlook, he announced LONGi's plans to increase its production capacity for monocrystalline silicon wafers to 190GW, with a further 110GW for monocrystalline silicon cells and 130GW for monocrystalline silicon modules by the end of 2023. He also underlined the rapid development of the company’s hydrogen energy business, which will reach a production capacity of 2.5GW by 2023, in line with its confidence in the upward trajectory of new energy development amid the global drive for sustainability.

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 modulescommercial & industrial distributed solar solutionsgreen 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