JinkoSolar, JA Solar line up priority polysilicon supply through Xinte deal

Facebook
Twitter
LinkedIn
Reddit
Email
Raw polysilicon set for refining at a Xinte Energy facility. Image: Xinte Energy.

‘Solar Module Super League’ (SMSL) members JinkoSolar and JA Solar are to invest in polysilicon provider Xinte Energy’s 100,000 ton facility in Inner Mongolia, receiving priority access to the polysilicon produced as a result.

A filing issued to the Hong Kong Stock Exchange on Friday (18 June 2021) revealed the proposed deal, under which JinkoSolar and JA Solar would both invest in Xinte’s Inner Mongolia Xinte subsidiary, Inner Mongolia Xinte Silicon Materials, which is to house the new facility. Jinko and JA would both hold 9% equity stakes in Inner Mongolia Xinte as a result, each investing RMB315 million (US$48.7 million) in the project.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Under the terms of the prospective deal, which is subject to approval by Xinte’s board, both JinkoSolar and JA Solar would receive priority access to the polysilicon produced at the facility. This access would be related to a more definitive sales agreement to be signed by Inner Mongolia Xinte and the SMSL duo, with a supply framework set to be signed on 18 July 2021.

All polysilicon sold to investors would follow existing market pricing principles, however higher prices will not be set for connected parties, Xinte said.

JinkoSolar confirmed its investment would be made from its Shangrao JinkoSolar Industry Development subsidiary. Kangping Chen, CEO at JinkoSolar, said the company believed the investment was not only a solid growth strategy for the business but would help stabilise silicon supply and reduce supply chain volatility.

“By cooperating with upstream specialized manufacturers, we will continue to strengthen the advantages of our integrated capacity and solidify the foundation for mass production of high-efficiency modules year-over-year. We will continuously work towards win-win situations through deeper cooperation with our supply chain partners, and jointly promote the development of the global solar market and accelerate the transformation of green energy,” he said.

While polysilicon price increases have stabilised in recent weeks – staying at ~RMB206/kg (~US$31/kg) – concerns remain over the industry’s mid-term ability to meet demand for the raw material.

Last week Xinte unveiled plans to sell nearly 180 million shares, the significant majority of which are to be procured by existing main shareholder TBEA, in a bid to raise up to RMB2 billion to help accelerate development of the polysilicon production facility in Inner Mongolia.

Construction of the 100,000 ton facility is slated to start this quarter and take 18 months to complete.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 26, 2025
JUWI Renewable Energies, a subsidiary of German construction group JUWI, has signed a 220MW solar module supply agreement with JA Solar.
June 25, 2025
JinkoSolar has submitted a 133.76MWc solar-plus-storage project in New South Wales to the federal government under the EPBC Act.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA