Solar panel maker LONGi has signed a 576MW sales agreement with Nofar Energy Romania for an unspecified PV project in Romania.
The company will supply its Hi-MO 7 modules for the project, which is expected to be under construction in 2024 and operational in 2025.
Ensuring alignment with Environmental, Social, and Governance (ESG) standards, the agreements include the supplier’s commitment to meeting stringent requirements related to the supply chain.
The finalisation of the agreement follows the approval of ongoing negotiations with a prominent banking corporation. This approval sets the stage for ESG-compliant bank financing for three key projects, adhering to the stringent criteria set forth by the banking corporation, especially in relation to the supply chain.
Mirel Jarnea, Sales Manager Romania at LONGi, stated: “This strategic partnership with Nofar Energy Romania marks a significant step forward in advancing sustainable energy solutions in Romania. LONGi is proud to contribute with our high-efficiency panels, bringing innovation to the forefront and fostering a greener future for the region.”
Favi Stelian, CEO Nofar Energy Romania, added: “Our agreement with LONGi is a testament to our shared vision and unwavering commitment to provide sustainable energy solutions in Romania. We look forward to the exciting journey ahead and the success that our strengthened partnership will undoubtedly bring.”