Daqo New Energy Announces 39,600 MT Polysilicon Supply Agreement with LONGi

Daqo New Energy Announces 39,600 MT Polysilicon Supply Agreement with LONGi

As per the terms of supply agreement, Daqo New Energy will supply LONGi with 39,600 MT of ultra-high-quality polysilicon starting from April 2018 through the end of 2020.

Daqo New Energy has announced that it has signed a 32-month 39,600 MT ultra-high-quality polysilicon supply agreement with LONGi, mono-crystalline solar products manufacturer with 15GW of mono-crystalline wafer capacity and 6.5GW of mono-crystalline module capacity in 2017.

As per the terms of supply agreement, Daqo New Energy will supply LONGi with 39,600 MT of ultra-high-quality polysilicon starting from April 2018 through the end of 2020, for use in the production of high-end mono-crystalline solar products. As part of the supply agreement, LONGi will make an advance payment on the ultra-high-quality polysilicon to Daqo New Energy.

Baoshen Zhong, Chairman of LONGi, said, “Daqo New Energy’s polysilicon meets the stringent purity requirements we have for the production of high-efficiency mono-crystalline solar products. This supply agreement with Daqo New Energy will allow us to expand production capacity of our high-efficiency mono-crystalline solar products to meet the growing demand from our downstream customers.”

Zhong further said, “Daqo New Energy’s ultra-high-quality polysilicon and reliability make them the ideal strategic supplier, and we look forward to building a deeper partnership with them.”

Longgen Zhang, Chief Executive Officer of Daqo New Energy, said, “I’m pleased that we have signed this long-term supply agreement with LONGi. Chinese solar manufacturers rely heavily on foreign imports of polysilicon. Daqo is one of the very few Chinese polysilicon producers who can produce ultra-high-quality polysilicon domestically. I believe bringing LONGi on board as a strategic long-term customer demonstrates our reputation as a reliable and preferred supplier of high-quality polysilicon. I look forward to working closely with LONGi to further improve our ability to serve the growing demand for high-end mono-crystalline grade polysilicon.”

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