JinkoSolar taps Daqo for high-purity polysilicon

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Daqo is only expected to have a nameplate capacity of around 35,000MT in 2019, limiting supply to the likes of JinkoSolar to the equivalent of around 2GW of ingot/wafer production, compared to its 9.7GW of production. Image: Daqo

‘Solar Module Super League’ (SMSL) leader JinkoSolar has signed a new 10,350MT high-purity polysilicon supply deal with Daqo New Energy for 2019.

In recent years, JinkoSolar has significantly increased in-house ingot and third-party wafer capacity, primarily large-area p-type monocrystalline capacity, which was expected to reach 9.7GW by the end of 2018. 

With Daqo increasingly focused on polysilicon expansions designed to provide only high-purity polysilicon for n and p-type monocrystalline wafer production to improve margins while retaining its position as one of the lowest-cost producers, the deal embraces the two key drivers for JinkoSolar, quality and low cost.
 
However, with debottlenecking Daqo is only expected to have a nameplate capacity of around 35,000MT in 2019, limiting supply to the likes of JinkoSolar to the equivalent of around 2GW of ingot/wafer production, compared to its 9.7GW of production.
 
The SMSL had said in the third quarter of 2018 that polysilicon prices had hit record lows of around US$10/kg, with little outlook of price recovery into 2019 as new capacity was expected to come on stream.

However, prolonged overcapacity has led to polysilicon production cuts and plant closures since then, although much of this capacity had been both high production cost and predominantly solar grade quality. 

The supply deal with Daqo includes the now familiar pricing done monthly, according to market pricing.

In related news, Daqo has received RMB 450 million (US$67 million) loan approval from Bank of China to be used to expand production capacity at its Xinjiang polysilicon manufacturing facilities in 2019. 

Read Next

March 2, 2021
Major China-based polysilicon producer Daqo New Energy has signed a three-year high-purity polysilicon supply agreement with Zhonghuan Semiconductor (TZS), totalling 41,000MT.
February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
February 22, 2021
COVID-19-induced project delays impacted India’s solar power transition last year, but 2021 is still set to be a “landmark year” for the resource, according to new research.
February 18, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has secured a three-year solar glass supply contract with Flat Glass Group, totalling the equivalent of 59GW of PV modules.
February 10, 2021
Leading monocrystalline wafer producer LONGi Green Energy has signed a three-year high-purity polysilicon supply deal from OCI Malaysia, while securing 46GW of PV glass from China's Flat Glass Co.
February 9, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has extended its supply chain cooperation with major polysilicon and merchant solar cell manufacturer Tongwei Group, with Tongwei gaining extra gigawatts of mono wafers from JinkoSolar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
May 11, 2021