Trina Solar has extended its eight-year long-term supply agreement with Jiangsu Zhongneng Polysilicon Technology Development, a subsidiary of GCL-Poly for another five years. The initial agreement for the delivery of polysilicon to Trina Solar began in April 2008.
The main terms of the agreement will remain unchanged from the combined total of the original and supplemental agreements signed in 2008. However, additional polysilicon and wafer deliveries will be provided starting in 2016 for a five-year period at pre-determined shipment volumes and prices.
GCL-Poly will supply Trina with polysilicon and wafers sufficient to produce approximately 8,500MW of solar modules over the next 13 years.
Jifan Gao, Trina Solar’s Chairman and CEO said, “This extension will provide a stable source of high-quality materials as well as support our cost reduction initiatives to solidify our position as a high-quality global integrated PV manufacturer.”
Zhu Gong Shan, Executive Director, Chairman and CEO of GCL-Poly said, “We look forward to continue delivering high-quality polysilicon and wafers on schedule through 2020.”
Wafer deliveries are to begin in 2010 and are expected to support production above the company’s in-house integrated manufacturing capabilities to address growing customer demand.