星期三, 8 10 月, 2025
Home PV News LONGi take over Vietnamese solar portfolio abandoned by Akcome (3GW solar battery...

LONGi take over Vietnamese solar portfolio abandoned by Akcome (3GW solar battery and 7GW solar modules)

On February 20, 2020, Akcome announced the “Akcome give up the 1.78 billion yuan acquisition of Vietnam solar and battery portfolio”.

On February 23, LONGi announced that its wholly owned subsidiary LONGI Solar intends to acquire 100% equity of Ningbo Jiangbei Yize new energy technology co., LTD., in cash and the transaction basis price is tentatively set at 1.78 billion yuan (including taxes and fees). And LONGi Solar will pay floating consideration based on the achievement of the performance of the target company or performance commitment party will pay performance compensation to LONGi Solar. The actual transaction amount shall be subject to the formal equity transfer agreement signed by the parties to the transaction.

It is reported that the registered capital of Ningbo Yize is 500,000 yuan and the company was established in 2014. The company’s main business is the production and sales of solar batterys and modules, as well as the existing plant leasing business. The company’s manufacturing base is in Vietnam and it has a number of holding companies. At present, Ningbo Yize has an annual capacity of over 3GW of solar batterys and over 7GW of solar modules.

According to the planning capacity calculated by the end of 2019, after the acquisition of Ningbo Yize, LONGi’s battery and module capacity will increase to 13GW and 23Gw respectively.If the acquisition is completed, LONGi’s module capacity is likely to exceed that of Jinkosolar, the world’s largest supplier of solar modules. Jinkosolar had 16GW of module capacity by the end of 2019.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Google, Salt River Project partner on long-duration energy storage

Google will provide funding for a portion of long-duration energy storage projects developed for the Salt River Project’s electric grid, as part of a...

Egypt, China’s Sungrow Group discuss energy storage investment

Chairman of China’s Sungrow Group, Cao Renxian, outlined the company’s expertise in producing components for power plants and manufacturing energy storage batteries during his...

China targets 180 GW of new energy storage by 2027 in ambitous national plan

China aims to install more than 100 GW of new energy storage – primarily battery storage, excluding pumped hydro – by 2027, according to...

ADB, ACWA Power to Build Central Asia’s First Wind Power Plant with Battery Energy Storage

The Asian Development Bank (ADB) and ACWA Power Company (ACWA Power) signed a $51 million loan package to build the Nukus 2 Wind and...