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

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 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

September 20, 2021
The US solar policy landscape is shifting at breakneck speed, with new incentives and trade tariffs promising to alter the shape of the industry for the coming decade. Luckily Andy Colthorpe and Liam Stoker are here to decipher the changes in the September 2021 episode of the Solar Media Podcast.
September 16, 2021
As much as 191GW of new solar PV is expected to be installed this year – up by a third on last year’s deployment figure – despite polysilicon and module prices remaining high into 2022, BloombergNEF has said.
September 15, 2021
Leading ‘Solar Module Super League’ manufacturer JinkoSolar has said it is addressing the reliability of shipments to the US market, while also upgrading its module capacity forecast for this year and teasing an expansion of n-type cell capacity.
PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
September 9, 2021
Three of the solar industry’s leading manufacturers have launched a standardisation drive aimed at creating a standard for module sizing and mounting hole spacing.
PV Tech Premium
September 9, 2021
PV Tech speaks with solar industry experts to pick apart the causes of module price rises and their expectations for when prices might fall

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021