It already acquired land in India to set up local manufacturing operations.

The company has been comprehensively assessing setting up a production base in India, and preliminary preparations are already completed. LONGi is committed to supporting the Government of India’s mission to promote domestic production of solar equipment.

The company has signed large, strategic contracts with several leading solar power developers and continues to deliver successfully on its commitments. LONGi has strong, long-standing relationships with both large and small IPPs in India.

LONGi has accepted negative margins and losses to bridge the price gap so that our customers can realize their planned projects on schedule. With modules making up 55-60per cent of project CAPEX in a highly competitive market like India, independent power producers (IPPs) have thin margins. LONGi engaged with every developer to renegotiate the terms of the contracts, always with an intent to find “win-win” position for both parties.

Module price increase was necessary due to price hikes in the raw materials used in manufacturing. LONGi would like to clarify that no contract signed with developers in India during this period has been terminated. New Delhi: A recent article published by The Economic Times titled “Indian solar companies on edge as Chinese vendors exit deals” reported that “ Leading solar module suppliers from China including LONGI Solar and Jinko Solar are backing out of signed contracts with Indian power developers, citing rising commodity prices, said people aware of the matter.”

Steep price download