Daqo New Energy has announced that it has signed a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi
Daqo New Energy, a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced that it has signed a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi Green Energy Technology (LONGi), the world’s leading mono-crystalline solar products manufacturer with expected 36 GW of mono-crystalline wafer capacity, 10 GW of mono-crystalline cell capacity, and 16 GW of mono-crystalline module capacity by the end of 2019.
Under the supply agreement, Daqo New Energy will supply LONGi with 36,000 MT(inclusive of 18,000 MT in 2020 covered under the Company’s existing supply agreement with LONGi), 38,400 MT and 38,400 MT of ultra-high-purity polysilicon in 2020, 2021, and 2022, respectively. As part of the supply agreement, LONGi will make an advance payment to Daqo New Energy.
Baoshen Zhong, Chairman of LONGi, said that Daqo New Energy is one of the most important ultra-high-purity polysilicon providers in the industry. And that they have been working closely for years and are pleased to extend this strategic partnership for another three years.
“Daqo New Energy’s ability to consistently deliver polysilicon products which meet our stringent quality standards is critical in supporting us as we expand capacities of high-efficiency mono-crystalline solar products to meet growing demand from downstream customers.”
Longgen Zhang, CEO of Daqo New Energy, said that LONGi has been an excellent partner over the past several years. And that the firm is excited to have the opportunity to further strengthen their strategic partnership with them.
“Developing high-efficiency solar products is critical to driving future growth for solar manufacturers. High-efficiency mono-crystalline solar products, which require ultra-high-purity mono-grade polysilicon as raw material, are increasingly popular amongst downstream customers and gaining market dominance. Our ability to produce ultra-high-purity polysilicon efficiently, leveraging our optimised cost-structure and growing production capacity, will allow us to benefit significantly from this growing trend.”