Speaking virtually at this week’s World Conference on Photovoltaic Energy Conversion in Milan, he said huge demand for green hydrogen in future will create significant development opportunities for the photovoltaic industry and further reduce the cost of photovoltaic energy.

In the long run, the ‘photovoltaic+’ system, in which green hydrogen is deeply involved, will be the key to deep decarbonisation and sustainable development, he added.

UN Secretary-General Antonio Guterres once said that “with climate action going backwards, renewable energy efforts must now triple”.

Driven by climate action and energy transformation, by 2030, the world’s newly increased photovoltaic installed capacity needs to reach 1500GW-2000GW to effectively support the global energy transition.

“Such periodic product renewal will also bring huge stock replacement, and will form a ‘Terawatt Class’ sustainable market,” Li Zhenguo added.

LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modulescommercial & industrial distributed solar solutionsgreen energy solutions and hydrogen equipment.

LONGi recently participated in the 15th Edition of the Renewable Energy India Expo.

Pradeep Kumar, Managing Director for LONGi Solar India, said, “The enthusiastic response from the visitors for the LONGi products including our Hi-MO 5 series and Hydrogen business, is a testimony of our commitment to Indian market.”