XI'AN, China, Nov. 12, 2019 /PRNewswire/ -- LONGi Green Energy Technology Co., Ltd or LONGi Group, a global leading solar technology company, today announced that its founder and President Li Zhenguo will attend the Fortune Global Forum 2019 in Paris, France at the invitation of the Fortune Magazine.
During the Fortune Global Forum, Li Zhenguo, together with business leaders of Fortune Global 500 companies, will discuss issues on how to build a better global business environment for the next decade and share his comments on China's economic development. Huawei's Vice Chairman Ken Hu, among many other Chinese business leaders have also confirmed to attend the forum.
China has been a strong economic growth engine for the world over the past few decades. LONGi President Li Zhenguo will speak at a roundtable meeting, themed "China: New Frontiers for Growth" on November 18. Mr. Li will share his insights on how business shall grow facing China's new market landscape.
LONGi leads the global PV sector with its core competitiveness
Within 20 years of development, LONGi Group has been recognized as a leader in the PV sector, who actively promote the global PV industry development through continuous technological innovation.
In August 2019, LONGi Group's market value topped RMB 100 billion (about USD 14 billion), making its market value the highest in the PV industry at the time. The company has been listed as one of the Fortune China 500 companies for three consecutive years. In 2018, LONGi was listed as Asia's Top 50 listed companies by Forbes Magazine. LONGi also made it to the 2019 ranking of "50 Smartest Companies" (TR50) by MIT Technology Review, recognizing its long-time commitment in technological innovation and breakthroughs. And LONGi topped other PV companies for its financial health in the "PV Triathlon Competitiveness Report 2017 3Q" published by Photon Consulting. The company was among the first-batch A-share companies that were included in MSCI Index and Russell Indexes.
Li Zhenguo: "Solar for Solar – A Negative Carbon Emission Planet"in action
Mr. Li initiated the concept of "Solar for Solar – A Negative Carbon Emission Planet". On November 2018, he elaborated this sustainable growth initiative at the COP24 in Katowice on Poland, that "Solar for Solar" is a transformative approach for the whole industry to produce all PV products of the entire supply-chain, completely relying on solar power, achieving zero carbon emission. The ultimate goal of such concept is to achieve negative-carbon-emission by growing more plants in the deserts, absorbing carbon dioxide through photosynthesis. To make this happen, irrigation is key to reduce land desertification and grow more trees. The water used for irrigation shall be processed through sea water desalination powered by solar energy, not from other energy generated by fossil fuel.
Mr. Li is also very vocal on key global events, including the 24th World Energy Congress organized by the World Energy Council, and the World Energy Leaders' Summit CEO Roundtable. He has been introducing the advantages of PV power generation through LONGi's initiative, hoping to get more support for the global PV industry.
LONGi Group to speed up business expansion in Europe
As a world-leading provider of PV products and PV services, LONGi Group's business presence and growth strategies in Europe receive great attention. During his visit to Europe, Li will meet with major partners in the region and discuss new ways of cooperation in the energy sector.
In Ostend, Belgium's famous coastal tourism destination, LONGi's 1,729 high-efficiency PV modules are now providing sufficient clean energy for Ostend Train Station; In Belgian's popular zoo, PairiDaiza, construction work is underway to install a total of 62,750 PV panels at the parking lot of the zoo, making it the world's largest PV power parking lot when the construction is completed in 2020 spring. Mr. Li Zhenguo will visit these two projects during his visits to review the cooperation process and see what more solar energy can offer in the future.
Li Zhenguo's visit to Europe, including his speech at the Fortune Global Forum and key visits to clients, will further activate the LONGi's business expansion in Europe, in an attempt to enhance its global presence and cooperation in the new energy sector. LONGi Group is committed to offering greater support for the transformation of the global PV industry, with the ultimate goal of turning solar power into a perfect energy solution for mankind.
