Cairo/Nicosia – LONGi, the world’s leading solar technology company, has announced its partnership with Karm Holding, the Egyptian renewable energy and sustainable infrastructure group (formerly KarmSolar), to supply the flagship 7.6 MW solar PV plant in Monagroulli, Cyprus. The project marks Karm Holding’s first international expansion through its subsidiary, KarmCyprus, and will be powered by LONGi’s cutting-edge Hi-MO X10 modules.
The Monagroulli plant is a significant milestone in the Mediterranean energy landscape, representing a successful transfer of Egyptian engineering expertise to the European market. Backed by €5 million in financing from Eurobank and €10 million in total equity investment, the plant is scheduled to be operational by September 2026.
Innovation in the Mediterranean
Karm Holding’s entry into Cyprus leverages the technical superiority of LONGi’s BC (Back Contact) technology to navigate the island’s specific environmental and regulatory requirements. The Hi-MO X10 module from LONGi was selected for its industry-leading efficiency and durability, ensuring maximum energy yield and a lower Levelized Cost of Electricity (LCOE) for the project.
“This partnership marks a defining step in Karm Holding’s journey from an Egyptian solar pioneer to a regional clean-energy and infrastructure group,” said Ahmed Zahran, CEO of Karm Holding. ” Cyprus is the first of several international markets we are entering in the future, and LONGi’s technology gives us the reliability and efficiency we need to deliver on that ambition.”
Fares Afifiy, LONGi Sales Manager for MEA, commented:
“At LONGi, we are proud to partner with KarmSolar on their first international project in Cyprus, powered by our cutting-edge Hi-MO X10 technology. This collaboration highlights the superior performance of our HPBC 2.0 technology, specifically designed to maximize energy yield and reliability in the Mediterranean climate. We are committed to supporting visionary partners like KarmSolar as they expand their footprint and accelerate the transition to sustainable energy across the region.”
Technical Excellence: The Hi-MO X10 Advantage
The Monagroulli project will feature the Hi-MO X10, a module specifically engineered for high reliability and aesthetic integration. Key technical highlights include:
- HPBC 2.0 Technology: The modules utilize LONGi’s advanced High-Efficiency Back Contact (HPBC) cell technology, which eliminates front-side busbar shading to achieve superior conversion efficiency.
- Guardian Design: Specifically optimized for light-load and distributed scenarios, the “Guardian” framing ensures robust structural integrity while maintaining a lightweight profile, simplifying installation in diverse terrains.
- Superior Temperature Coefficient: The X10 series maintains high output even in high-temperature environments, making it ideal for the Cypriot climate.
- Enhanced Reliability: The zero-busbar design reduces the risk of micro-cracks and improves the module’s long-term degradation profile, backed by LONGi’s comprehensive power warranty.
By utilizing these high-performance modules, Karm Holding aims to accelerate the liberalization of the Cypriot energy market and contribute significantly to the EU’s 2030 sustainability goals. The Monagroulli plant builds on Karm’s engineering track record across off-grid and hybrid solar systems in Egypt, and lays the groundwork for further expansion into additional international markets expected to be announced.
About Karm Holding
Karm Holding (formerly KarmSolar) is Egypt’s leading clean-energy and sustainable infrastructure group, encompassing KarmSolar, KarmWater, KarmBuild, KarmCharg, and the Karm Architecture Lab (KAL). Founded in 2011, Karm pioneered off-grid and hybrid solar solutions for the agricultural and tourism sectors in Egypt, and has since expanded into water desalination, sustainable construction, and clean mobility. Through its subsidiary KarmCyprus, the Monagroulli project marks Karm Holding’s first step into international markets as part of its broader regional growth strategy.
About LONGi
Founded in 2000, LONGi (Stock code: 601012. SH) is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.
Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established several business sectors, covering mono silicon wafers, cells and modules, commercial & industrial distributed solar solutions, green energy solutions, building integrated photovoltaic and hydrogen equipment. As an international company, LONGi’s business covers more than 160 countries and regions. Actively practicing its “Solar for Solar” concept, LONGi is accelerating the global transition to sustainable energy and promoting energy equity, enabling more people around the world to access affordable clean energy.
More details here: www.longi.com