LONGi has inked a substantial 576MW sales agreement with Nofar Energy Romania for an undisclosed photovoltaic (PV) project in Romania. Under the terms of the agreement, LONGi will supply its Hi-MO 7 modules for the project, slated to commence construction in 2024 and become operational by 2025.
To ensure adherence to robust Environmental, Social, and Governance (ESG) standards, the agreements incorporate LONGi's commitment to meeting stringent requirements related to the project's supply chain.
The finalization of this significant agreement follows the approval of ongoing negotiations with a prominent banking corporation. This approval sets the stage for ESG-compliant bank financing for three key projects, all designed to meet the stringent criteria established by the banking corporation, particularly with regard to the supply chain.
Mirel Jarnea, Sales Manager Romania at LONGi, expressed the company's commitment to advancing sustainable energy solutions in Romania through this strategic partnership with Nofar Energy Romania. Jarnea emphasized LONGi's pride in contributing high-efficiency panels to foster innovation and cultivate a greener future for the region.
Favi Stelian, CEO of Nofar Energy Romania, echoed these sentiments, stating, “Our agreement with LONGi is a testament to our shared vision and unwavering commitment to providing sustainable energy solutions in Romania. We look forward to the exciting journey ahead and the success that our strengthened partnership will undoubtedly bring.”
