China Merchants New Energy Group announced Thursday that it had inked a strategic agreement with Xi'an Longji Silicon Materials Co., Ltd on cooperation in mono crystalline module use and domestic PV power plant development.
Under the agreement, LERRI Solar, subsidiary of Longji Silicon, would provide China Merchant New Energy with no less than 1.8GW mono crystalline modules in the following three years.
Besides, the two companies will co-develop and construct PV power plants in China. Furthermore, the two sides will found technical and business cooperation in exploring domestic new energy market.
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