RIYADH: Longi, a major Chinese solar manufacturer, is looking at potential manufacturing locations in the Kingdom as part of its plans to expand outside of China.
The Shanghai-listed company is also looking at other possible manufacturing bases in India and the US, Li Zhenguo, the company’s president said in a Bloomberg report.
Longi seeks to grab 30 percent of the solar module market, he added.
The firm had revenues of $5.4bn in the first half of this year, and currently produces about 18 percent of the world’s solar modules.
Longi seeks to maintain its 45 percent share of the global market for solar cells, and expects the world to install as much as 2,000 gigawatts between now and 2030, Zhenguo said.