Hoku amends Jinko contract; announces new 10-year polysilicon supply agreement

Facebook
Twitter
LinkedIn
Reddit
Email

Hoku Materials, Inc. has entered into a 10-year polysilicon supply agreement with Shanghai Alex New Energy Company, Ltd., a crystalline silicon solar cells, modules and PV products manufacturer, with deliveries beginning in early 2010. The polysilicon has been offered at set prices that will decline throughout the agreement’s 10-year lifespan.

This new contract represents the resale of a portion of the polysilicon recovered following the amendment of a supply agreement with Jiangxi Jinko Solar Company (Jinko). Hoku confirmed that a small amount of Jinko’s original production capacity remains available for sale, for which Hoku is seeking a buyer.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Prior to this recent agreement with Hoku, Shanghai Alex had settled on an agreement with Jinko that would see Alex purchase some of the polysilicon Jinko was to receive from Hoku, in exchange for underwriting a portion of Jinko’s prepayment deposits. As a result, this additional capacity has been formally assigned to Alex at the request of Jinko and Alex.

This new arrangement stands as a second amendment to Jinko’s polysilicon supply agreement, reducing the overall volume of polysilicon to be sold by Hoku to Jinko. While the remainder of the Jinko contract remains unchanged, the company’s prepayment obligation – including the $15 million previously paid to Hoku – falls to $20 million.

Alex and Jinko may pay up an aggregated combined total of approximately $238 million to Hoku during the 10-year period under the terms of the take-or-pay contracts. Alex and Jinko will receive predetermined volumes of polysilicon each year, with combined prepayments totalling $40 million, of which $15 million has been paid by Jinko to date, and $7 million from Alex.

Further to this agreement, Alex will provide Hoku with discounted original equipment manufacturing (OEM) services for an amount of PV modules per year for each of the 10 years. This additional agreement will be optional to Hoku and will be priced at Alex’s most preferred rate.

Read Next

September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines