JinkoSolar inks polysilicon deal with Germany's Wacker
Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
Chinese solar module maker JinkoSolar Holding Co Ltd (NYSE:JKS) has struck a deal to procure over 70,000 tonnes of polysilicon from Munich-based chemical company Wacker Chemie AG (ETR:WCH).
JinkoSolar said on Tuesday that its subsidiary Jinko Solar Co Ltd has signed a long-term polysilicon supply agreement with the German firm. Under the terms of the contract, Wacker will provide the agreed polysilicon volumes from September 2021 to December 2026 from its production facilities in Germany and the US.
The purchase price will be decided based on the market price.
“By locking in over 70,000 tons of polysilicon from Wacker, we will ensure the reliability of the manufacturing of our products from a high-quality raw material source, as well as the stable supply of our high efficiency products to our global clients,” said Kangping Chen, CEO of Jinko Solar Co.
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