LONGi Green Energy Technology Co., Ltd, a global leader in solar technology, today announced the signing of a Heads of Agreement with Fortescue Ltd, a world-leading resources and green energy company. The signing ceremony was attended by Mr. Zhong Baoshen, Chairman of LONGi and Dr. Andrew Forrest, Executive Chairman of Fortescue, marking a major milestone in the companies’ shared commitment to accelerating the global transition to renewable energy.
Under the agreement, LONGi will supply high-efficiency solar photovoltaic modules and participate in joint venture projects aimed at developing integrated green energy solutions—including generation, storage, and transmission—across multiple markets including Australia, the United States, Chile, Peru, and several countries in Africa and the Middle East.
A key focus of the partnership is Fortescue’s ambitious decarbonization initiative for its iron ore operations in the Pilbara region of Western Australia. LONGi will serve as a strategic technology partner, supplying latest-generation PV products and contributing its expertise in lowering the levelized cost of energy (LCOE) to ensure the projects are among the most competitive worldwide.
“This partnership underscores LONGi’s leadership in the global solar industry and our commitment to enabling large-scale renewable energy adoption,” said Mr. Zhong Baoshen, Chairman of LONGi. “By collaborating with forward-thinking companies like Fortescue, we are not only advancing the decarbonization of major industries—we are also helping build a sustainable energy infrastructure that can outperform fossil fuels both economically and environmentally.”
The collaboration includes provisions for joint project identification, financing cooperation, highlighting LONGi’s active and strategic role in global energy transformation.
About LONGi:
Founded in 2000, LONGi aims to be the world's most valuable solar technology company, driving comprehensive energy transition through customer-centric innovation.
As a global industry leader, LONGi invested CNY 5.014 billion in R&D in 2024, representing 6.07% of annual revenue, maintaining technological leadership with dual world efficiency records in monocrystalline silicon single-junction cells and perovskite-silicon tandem cells. LONGi leads in ESG performance with its 2024 MSCI rating upgraded to BBB, achieving the highest ESG scores among A+H-listed semiconductor companies and ranking first in the photovoltaic sector. As China's first PV enterprise to join RE100, EP100, EV100 and SBTi initiatives, LONGi remains committed to advancing green development and building a carbon-neutral future. www.longi.com
