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Daqo New Energy inks 2-year polysilicon contract with JinkoSolar

Solar panels. Featured Image: Jackiso/Shutterstock.com

September 12 (Renewables Now) - China’s Daqo New Energy Corp (NYSE:DQ) has struck a two-year agreement to supply polysilicon to solar module manufacturer JinkoSolar Holding Co Ltd (NYSE:JKS).

The terms of the deal call for Daqo New Energy to deliver between 12,000 and 14,400 metric tonnes of polysilicon during calendar year 2020 and then 15,600-21,600 tonnes in 2021. The company said in its statement that prices will be determined on a monthly basis, based on market pricing.

“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," commented Shihua Su, chief marketing officer of Daqo New Energy.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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