LONGi's Chairman Highlights Global Cooperation for Photovoltaic Advancement at Davos 2025

On January 22, 2025, at the renowned WEF Electricity Industry CEOs Meeting held in Davos, Switzerland, Zhong Baoshen, Chairman of LONGi Green Energy Technology Co., Ltd., engaged in critical discussions with key industry leaders, including Christian Bruch, President and CEO of Siemens Energy, and Gurdeep Singh, Chairman of NTPC. The focus was on the pressing challenges facing the power sector and the increasing significance of the photovoltaic (PV) industry within the global energy supply framework. A significant part of the conversation revolved around how the PV sector can play a vital role in enhancing global energy equity in the coming years.

Zhong Baoshen articulated that in various regions, favorable policy frameworks are paving the way for new opportunities within the photovoltaic industry. As a leading player in this field, LONGi is strategically expanding its footprint in emerging markets across Africa, Asia, and Latin America, addressing the rising local electricity demands. The company is also dedicated to facilitating the transition towards clean energy while improving energy affordability. By leveraging technological innovations, large-scale production, and cost-optimization strategies, LONGi aims to significantly reduce photovoltaic power generation costs, thus enhancing its competitiveness.

Highlighting the importance of tailored and sustainable solutions for diverse energy markets, Zhong emphasized the necessity for the PV industry to deliver more economical and customized offerings based on regional needs. Strengthening global cooperation among various stakeholders—governments, investors, and corporations—is essential for achieving this objective. Governments can stimulate clean energy investment by instituting stable and supportive policies, along with subsidies, particularly in rapidly growing electricity-demand areas. Furthermore, Zhong urged international financial institutions and investors to boost their financial engagement in clean energy initiatives, ensuring consistent progress in technology development, infrastructure enhancement, and project execution.

The photovoltaic sector, recognized as a pivotal technology in the global energy landscape, is poised to drive the transition towards cleaner energy sources. Zhong Baoshen called for collaborative efforts focused on policy support and technology innovations to empower the PV industry, ensuring its substantial involvement in promoting the clean energy transition and affordability, ultimately leading towards a sustainable energy future for all.

During the same conference, Zhong participated in the "Just Transition Alliance Meeting" where he shared insights into LONGi's commitment to integrating decarbonization strategies while balancing environmental goals with fair access to green energy entities including workers, consumers, and SMEs. He reaffirmed LONGi's dedication to "Benevolent Economics," a concept introduced in 2021, promoting the idea of manufacturing photovoltaic products using clean energy—a zero-carbon approach.

Additionally, LONGi's core values drive its mission towards a reliable, value-added, and fulfilling goal that benefits both humanity and the planet. Zhong noted, "Let differences be harmonized by light," emphasizing the company's aim to enhance PV energy's cost-effectiveness, thereby positioning it as a globally accessible energy source that addresses developmental imbalances, ensuring everyone benefits from a sustainable energy supply.

In recent years, LONGi has also initiated the "Green Supply Chain Decarbonization Initiative", pushing for increased carbon management awareness among its supply chain partners while promoting energy-saving and emission-reduction efforts. On the international cooperation front, LONGi formed a partnership with the United Nations High Commissioner for Refugees (UNHCR) in 2023, focusing on climate action, energy equity, and promoting a green transition. This collaboration aims to advance global energy equity, aspiring to construct a future wherein everyone can access clean and affordable energy.

Zhong concluded by asserting that the green transition involves not only achieving climate targets but also fostering inclusive social progress. By broadening the access to clean energy and facilitating the establishment of green infrastructure, the private sector can serve as a key player in the global just transition. LONGi envisions deepening ties with the World Economic Forum to jointly pursue a sustainable, low-carbon future.

Chinese enterprises have garnered significant interest at this year's WEF Annual Meeting of the New Champions, and Zhong Baoshen's dialogue with Professor Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, highlights the growing emphasis on the contributions of Chinese businesses to global sustainability efforts.

About LONGi

Founded in 2000, LONGi is dedicated to becoming a global leader in solar technology, focusing on customer-driven value creation and full-scale energy transformation. With a mission to harness solar energy for a greener world, LONGi emphasizes technological innovation across its business sectors, which includes mono silicon wafers, cells, modules, and green energy solutions. More recently, LONGi has expanded into green hydrogen products to support global zero-carbon initiatives. More information can be found at www.longi.com.