ECONOMY
17.07.2026 | 17:00Sunhit, a solar power plant installation company, and LONGi Solar Europe hosted a professional B2B forum for partners, aimed at promoting the wider adoption of high-efficiency back-contact technology in the Armenian market and supporting the growing demand for reliable, high-performance solar energy solutions across the country.
The event concluded with the signing of a Memorandum of Understanding (MoU), reaffirming and strengthening the long-term strategic partnership between Sunhit and LONGi Solar, under which Sunhit continues to serve as LONGi Solar’s official partner in Armenia.
“As we continue advancing the development of solar energy systems, Sunhit is elevating its long-standing cooperation with LONGi Solar to a strategic level. We remain committed to offering Armenian businesses favorable solutions that help improve their operations. The terms provided by our LONGi partners, combined with the quality of their solar panels, are among the best available in Armenia,” said Tigran Vardanyan, Founder and CEO of Sunhit.
The Hi-MO X10 product line is LONGi’s most advanced Hybrid Passivated Back Contact 2.0 module, designed for commercial and distributed solar power generation projects.
By relocating all electrical contacts to the rear of the cell, the underlying HPBC 2.0 technology (Hybrid Passivate Back Contact) eliminates front-side electrode shading entirely, maximizing the active surface area exposed to sunlight and unlocking significantly higher energy yields than conventional module designs. As a result, the module offers up to 670 W of power output, a 24.8% module efficiency, and a 26.6% cell efficiency.
“Our partnership with Sunhit provides a strong local foundation built on technical expertise and market understanding,” said Adrian Kočan, General Manager of LONGi Solar Eastern Europe Business Center (DG). “Through this collaboration, we are working to make high-efficiency back contact technology accessible in Armenia and to support the continued development of a market that is evolving at a remarkable pace.” During the forum, ACBA Leasing, Armenia’s leading leasing company, presented financing opportunities available through the GEFF program, enabling businesses to receive up to 15% cashback when purchasing solar power plants. This makes solar investments even more financially attractive.
Nairi Insurance, Armenia’s longest-established insurance company, the country’s only insurer with an international credit rating (Moody’s B1, Stable Outlook), and the market leader based on its 2025 results, also introduced its exclusive solar power plant insurance package.
Customers purchasing a photovoltaic solar system from Sunhit will receive a complimentary 12-month insurance policy from Nairi Insurance, covering a wide range of risks, including fire, hail, strong winds, flooding, theft, and more. The offer applies regardless of the purchase financing method.
“We continuously monitor market developments and design products that respond to our customers’ evolving needs. Solar energy is developing rapidly in Armenia. While creating this insurance solution, we carefully studied the market and customer demand and, together with Sunhit, developed a product that clearly benefits consumers,” said Gevorg Voskanyan, Deputy CEO of Nairi Insurance.
***
About Sunhit
Driven by innovation and a commitment to technological progress, Sunhit was established in 2024, bringing together a team of professionals with more than 10 years’ experience in the design and installation of solar power systems.
The company’s experts apply their extensive knowledge to support Sunhit’s growth and expansion while contributing to Armenia’s sustainable economic development. To date, the team has installed solar power plants with a combined capacity exceeding 15 MW.
Sunhit is the official partner of LONGi Solar in Armenia.
Sunhit’s photovoltaic solutions harness solar energy to power homes and businesses while helping customers achieve significant savings that can be redirected toward other investment opportunities.
***
About LONGi Solar
LONGi Green Energy Technology, founded in 2000, is a global provider of integrated solar and storage solutions, with over 30 locations and manufacturing sites worldwide. Its subsidiary LONGi Solar focuses on high-efficiency photovoltaic products for distributed and utility-scale applications. The company covers the full value chain, from silicon to modules and energy systems, supporting the transition to zero-carbon energy. Headquartered in Frankfurt for Europe, LONGi has broken solar cell efficiency records 23 times since 2021, achieving 28.13% for HIBC cells and 34.85% for tandem cells. It also holds a 26.4% module efficiency record and advances back contact technology as a core focus.
