LONGi signs US$1.1bn solar wafer supply deal with DAS Solar

LONGi will provide DAS Solar with more than 1.2 billion wafers over the course of the two-year deal. Image: LONGi.

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.

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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.

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