Daqo New Energy Signs 2-Year Polysilicon Agreement With JinkoSolar

Daqo New Energy has signed a polysilicon supply agreement with JinkoSolar, to supply 12,000-14,400 MT & 15,600-21,600 MT of polysilicon during 2020 and 2021

Daqo New Energy Corp., a leading manufacturer of high-purity polysilicon for the global solar PV industry, has announced that it has signed a two-year polysilicon supply agreement with JinkoSolar, one of the largest and most innovative solar module manufacturers in the world.

Under the terms of the supply agreement, Daqo New Energy will supply JinkoSolar with 12,000 to 14,400 MT and 15,600 to 21,600 MT of polysilicon during the calendar year 2020 and 2021, respectively. Prices will be determined on a monthly basis according to market pricing.

Shihua Su, chief marketing officer of Daqo New Energy, said that the company is pleased to sign this two-year supply agreement with JinkoSolar which will further strengthen their long-term strategic relationship.

“JinkoSolar is significantly expanding its mono-wafer capacity as part of its strategy to meet the rapidly changing demand from end customers. Our two companies have a long-standing partnership that spans many years and we are delighted to have been selected for our ability to produce high-purity mono-grade polysilicon.

This supply agreement further demonstrates Daqo as the supplier of choice for high-quality mono-grade polysilicon with proven reliability. Once our Xinjiang polysilicon production facility expands to 70,000 MT capacity by the end of this year, we will be able to meet the rapidly growing demand from our mono-solar customers and the global solar PV industry.”

In August, the company had announced a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi Green Energy Technology.

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.