(Yicai Global) July 19 -- A unit of Chinese solar energy firm Longi Green Energy Technology will sell solar panels worth USD600 million to an anonymous US-based power generator.
Longi Solar signed a supplier contract with a "major power station" from the States, the Xi'an-based energy equipment maker said in a statement. The buyer had made a wish not to disclose the name of the firm.
The contract will last from 2019 to 2022 and the quantity and timing will be specified in the eventual orders.
The deal will increase the overseas sales of monocrystalline modules and improve Longi Solar's business performance, the statement added. Longi Solar will supply products manufactured by its overseas base to this US customer, thereby bypassing the uncertainty that may arise from the China-US trade friction.
Longi Solar boasts total assets of USD5.2 billion and has branches in Japan, Europe, North America, India, Malaysia, Australia, and Africa, its website shows.
Editor: Emmi Laine