LONGi secures major polysilicon supply deal from OCI Malaysia and 46GW of solar glass from Flat Glass

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

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.

The deal with FLat will lock in glass availability for LONGi Solar’s module assembly plants.

According to the agreement, the material procurement starts from March 2021, will run through to the end of 2024 and is worth approximately RMB6.36 billion (US$ 988.2 million), based on current ASPs of RMB92,500/MT (US$14,373.84).

LONGi has been securing a number of key polysilicon supply contracts due to polysilicon capacity constraints in China and the expanding customer demand for p-type mono wafers.

LONGi subsidiary and major ‘Solar Module Super League’ (SMSL) member LONGi Solar has targets of shipping around 45GW of PV modules in 2021.

46GW solar flat glass contract

LONGi Solar has also announced a new solar flat glass procurement contract with Flat Glass Group, securing front glass (3.2mm thickness) and rear glass (2.0mm thickness) capable of supporting 46GW of PV module production between 2022 to the end of 2023, worth approximately RMB10.4 billion (US$1.62 billion).

The glass supply is for LONGi Solar’s 13 module assembly subsidiaries, including operations in Vietnam.

Solar glass has been in short supply since the second-half of 2020, due to Chinese government restrictions on new capacity expansions, due to general building glass overcapacity of around 30%, compared to demand.

However, restrictions were lifted specifically for solar specific glass sizes and thicknesses, due to the chronic shortages that limited PV module shipments since. New capacity is expected to come on-stream later in 2021 and beyond to meet growing demand and reduce ASPs which have led to profit margin decline for a number of PV module manufacturers.

Read Next

February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
February 23, 2021
Small polysilicon producer REC Solar Norway has claimed a carbon footprint of 11.2kg CO2-eq per kg silicon, which was verified by EPD Norway and published Environmental Product Declarations (EPDs) for solar grade silicon and for multicrystalline silicon blocks made by REC.
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 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
Leading solar companies back pledge to develop traceability protocol in the industry's supply chain.

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
June 15, 2021