LONGi and Hexagon Peak Sign 200 MWp Supply Deal for Vietnam

HO CHI MINH, Vietnam, Oct. 21, 2019 /PRNewswire/ — LONGi Solar, a leading vertically integrated Tier 1 manufacturer of solar modules and Hexagon Peak, the project development arm of Hexagon Holdings Singapore, announced the group entered into a supply deal with the manufacturer for 200 MWp of its latest mono PERC products, reaching 435Wp of nominal power output.

Hexagon Peak will utilize the modules for its pipeline of utility scale projects in Vietnam, majority of which are to be commissioned by Q1 of 2021.

"We are very excited about this cooperation with LONGi," commented Mr. Milan Koev, CEO of Hexagon Peak and added – "Solar is more or less a 20 year old industry, so we just passed our teenage years and frontier companies like LONGi are leading the manufacturers of equipment to becoming adults. Their products reliability, financial strength and above all the people managing the business are the 3 most important factors for the choice of a manufacturing partner for Hexagon in Vietnam."

"Hexagon Peak is a young, dynamic and ambitious company. LONGi is proud to collaborate with them on this substantial project in Vietnam. As partners, we will support Hexagon Peak with LONGi's leading products, technologies and customer service."

"This collaboration will further enhance LONGi's presence in Vietnam," said Dennis She, Senior Vice President, LONGi Solar. "With our common commitment to reliability, we are certain that LONGi and Hexagon Peak will bring high quality photovoltaic power stations to Vietnam.

Hexagon Peak is currently in the process of acquiring over 200 MWp of utility scale solar projects in Vietnam, with state utility company (EVN) as energy off-taker and estimated COD in Q1 2021. "We have been working closely and developed partnerships with a number of locally established EPCs and project developers. In a brief period of time, Hexagon Peak has gained access to a substantial pipeline of shovel-ready projects," added Mr. Dat Le, Managing Director of Hexagon Peak Vietnam. "This cooperation with LONGi will further demonstrate our commitment in the Vietnam market," concluded Mr. Le.

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SOURCE LONGi Solar