August 8 (Renewables Now) - China’s Daqo New Energy Corp (NYSE:DQ) has struck a deal to supply 112,800 tonnes of polysilicon to domestic solar products maker LONGi Green Energy Technology Co Ltd (SHA:601012).
The three-year agreement will see Daqo deliver 36,000 tonnes of ultra-high-purity polysilicon in 2020, including 18,000 tonnes under an existing contract with LONGi. Shipments for 2021 and 2022 will be 38,400 tonnes for each year, Daqo said on Wednesday.
LONGi will use the polysilicon to support the increased production of mono-crystalline photovoltaic (PV) products in line with rising demand from the downstream sector. The firm is in the process of expanding its manufacturing capacity to 36 GW for mono-crystalline wafers, 10 GW for mono-crystalline cells and 16 GW for mono-crystalline modules by end-2019.
Daqo will get an advanced payment in relation to the deal, it said without providing financial details.