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Vina Cell Technology

Chinese solar giant steps in to acquire rival in $250m swoop

Longi Solar has dramatically stepped in to take over fellow Chinese manufacturer Zhejiang Yize New Energy Technology, which operates 7 GW of module production capacity and 3 GW of cell facilities in northern Vietnam.

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Longi signs $540m wafer supply deal

The contract figure is based on today’s mono prices and equates to almost 20% of the revenues seen in 2018. The supply deal is the second big order the company has secured in 12 months.

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