Daqo seals 3-year polysilicon supply deal with Trina Solar
Trina Solar module. Owner: Mark Wolff
China’s Daqo New Energy Corp (NYSE:DQ) has entered into a three-year polysilicon supply agreement with photovoltaic (PV) panels maker Trina Solar Co Ltd (SHA:688599).
Daqo New Energy said today it has agreed to supply between 30,000 tonnes and 37,600 tonnes of high-purity mono-grade polysilicon in the period November 2020-December 2023. The two parties will negotiate actual prices on a monthly basis according to market conditions.
“We are pleased to enter into a long-term partnership with Daqo New Energy. This will help us better execute our strategy, which is to provide advanced solar PV products and solutions with higher efficiency so as to address fast growing demand in solar PV market, drive grid parity and benefit society through green energy,” said Jifan Gao, Chairman of Trina Solar.
Earlier this month, Trina Solar also announced it had ordered more than 1.2 billion 210mm monocrystal silicon wafers from Tianjin Zhonghuan Semiconductor Co for delivery between January 2021 and December 2021. That contract is worth about CNY 6.552 billion (USD 994.6m/EUR 831m).