LONGi and Vina Solar sign US$540 million mono-wafer supply deal

Facebook
Twitter
LinkedIn
Reddit
Email
Leading monocrystalline wafer producer, LONGi Green Energy has signed a long-term supply deal with Vietnam-based PV manufacturer, Vina Solar valued at approximately US$540 million. Image: LONGi Group

Leading monocrystalline wafer producer, LONGi Green Energy has signed a long-term supply deal with Vietnam-based PV manufacturer, Vina Solar valued at approximately US$540 million. 

The long-term supply deal equates to wafer shipments totalling 254 million pieces (wafers) from July, 2019 through December, 2021. 

The estimated total contract value is based on the current market average selling price of monocrystalline silicon wafers (US$0.415/piece) of 180 micron thickness, according to the company. 

Vina Solar is a subsidiary of China-based East Group and an OEM PV manufacturer with customers such as Canadian Solar and GCL System Integrated.

LONGi did not specify the wafer size(s) included in the new supply deal. 

PV Tech recently highlighted that the PV industry was undergoing rapid technology changes that have been driven by the well documented, swift adoption of monocrystalline wafers. Less well understood is that, within the wafer technology transition comes a shift to larger wafer sizes and this includes p-type and n-type mono-Si wafers.

Read Next

August 10, 2022
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.
PV Tech Premium
August 8, 2022
The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.
August 3, 2022
Global investment in renewable energy reached a record half-year figure of US$226 billion in H1 2022, driven by soaring demand for clean energy technologies amid the ongoing energy and climate crisis, according to a BloombergNEF (BNEF) report.
PV Tech Premium
August 1, 2022
China’s polysilicon price finally stabilised this week, according to the Silicon Industry Branch of the China Nonferrous Metals Industry Association, following several long-term contracts being signed, helping to reduce market volatility in the short-term.
July 21, 2022
The value of Chinese solar PV exports during the first half of 2022 more than doubled year-on-year as module shipments surged, according to new government figures.
PV Tech Premium
July 14, 2022
Spiralling upstream solar prices have continued this week, triggering the first PV module price rise in months.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event