LONGi secures major 270,000MT polysilicon supply from Xinte Energy

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
During the first half of 2020, Xinte realised a polysilicon production of 26,200 tons, representing an increase of approximately 43.96% over the corresponding period of last year, mainly attributable to the release of capacity of 36,000MT/year high-purity polysilicon industrial upgrade project. Image: Xinte Energy

Leading monocrystalline wafer producer, LONGi Green Energy (LONGi Group) has secured a minimum 270,000MT of polysilicon supply from Xinte Energy over a five-year period. 

Already a polysilicon supplier to LONGi Group, an existing supply deal, established in July 2018 has been cancelled. The original deal was for 91,080MT of polysilicon and was set to last between January 2019 to December 2021, averaging around 30,360MT per annum.

The significantly larger deal that replaces the previous supply deal averages around 54,000MT per annum and is expected to be worth around US$2.94 billion in revenue to Xinte Energy, compared to around US$1.23 billion in the previous deal. 

The average transaction price of the new supply deal was said to RMB 80,500/MT, compared to RMB 88,100/MT in the previous deal. The average price of dense polysilicon used in monocrystalline wafer production had been RMB 66,200/MT in the first half of 2020, representing a 14.4% decline, year-on-year. 

Xinte Energy noted that the new deal would provide the stable sale of polysilicon and safeguard the daily operations of the company, as well as part of its business development strategy to further enhance its position in the new energy industry.

Read Next

May 3, 2021
China installed 5.56GW of solar in Q1 2021, new data from the country’s National Renewable Energy Consumption Monitoring and Warning Center has revealed.
April 19, 2021
Major China-based polysilicon producer Xinte Energy is to expand polysilicon production by 20,000MT to meet ongoing demand from its plant in Xinjiang province, despite recently announcing plans to build a planned 200,000MT plant near the city of Baotou, Inner Mongolia.
April 19, 2021
‘Solar Module Super League’ (SMSL) member JA Solar has confirmed its founder and chairman, Jin Baofang had returned to work at the company.
April 19, 2021
Solar manufacturing material shortages are nearing a crisis point with the price of polysilicon continuing to rise, JinkoSolar’s Dany Qian has said.
April 13, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has guided 2021 total product shipments (wafers, solar cells and modules) to be in the range of 25GW to 30GW.
April 9, 2021
A draft proposal put forward by China’s National Development and Reform Commission could see subsidies for new solar projects phased out, starting this year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021