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

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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

February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
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.
February 9, 2021
Major China-based polysilicon producer Xinte Energy is planning the world's single largest polysilicon production complex.
February 4, 2021
Fraunhofer ISE spin-off NexWafe has raised €10 million in a new Series B round of funding as the company moves to another pilot production phase.
February 4, 2021
Leading solar companies back pledge to develop traceability protocol in the industry's supply chain.
February 3, 2021
Scatec said it underwent a “transformational” year in 2020, with its total renewables pipeline now standing at a record high of 10.5GW.

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