
Solar manufacturing leader LONGi Solar has signed a two-year wafer supply deal with Chinese PV manufacturer DAS Solar which could be worth up to US$1.1 billion.
The deal, announced to the Shanghai Stock Exchange today, will see LONGi supply DAS Solar with around 1.2 billion M10 182mm solar wafers between 2022 and 2023.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Citing current industry prices of around RMB6.87 per wafer, LONGi said the deal would be worth just over RMB7 billion (US$1.1 billion), equivalent to around 13% of the company’s operating revenue last year.
The contract is in effect repeat business for LONGi, with the business having signed a similarly-sized contract with Quzhou-headquartered DAS Solar in 2019.
Meanwhile, Shuangliang Ecoenergy, a relative newcomer to solar wafer manufacturing, announced a polysilicon supply contract with Asia Silicon to procure more than 25,000MT of polysilicon over the next five years.
That deal is estimated to be worth RMB6.8 billion.