VSUN Solar, OCI ink polysilicon supply agreement

February 23, 2024
Facebook
Twitter
LinkedIn
Reddit
Email
VSUN and OCI have signed a polysilicon supply agreement
The polysilicon agreement will support VSUN’s goal to integrate its supply chain vertically. Image: VSUN

TOYO SOLAR, a solar cell subsidiary of Tokyo-headquartered solar manufacturer VSUN SOLAR, has signed a long-term polysilicon supply agreement with South Korean-owned polysilicon producer OCI.

The new partnership will support VSUN’s goal to vertically integrate its global solar supply chain, although companies have not disclosed the amount of polysilicon to be supplied.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

VSUN has a current annual nameplate capacity of 4GW of solar modules as well as of tunnel oxide passivated contact (TOPCon) solar cells in Vietnam, with Phase II of the solar cell capacity expansion underway.

Moreover, the company is also working on a 4GW wafer plant in Southeast Asia, which is expected to be operational during the second quarter of 2024.

Lewis Cai, CEO of VSUN SOLAR, said: “The partnership with OCI safeguards the stable supply of critical raw materials along VSUN’s production chain. This crucial alliance is a testament to VSUN’s commitment to maintaining a resilient and robust supply chain.”

Earlier this month, the solar manufacturer company appointed Aihua Wang as chief technology officer of VSUN. In a recent interview with PV Tech, Wang spoke about the technological transition between p-type and n-type and how the company is looking towards improving its TOPCon technology, while developing other technologies.

Read Next

Premium
October 14, 2025
OCI Holdings’ decision this week to buy a Vietnamese solar wafer facility to supply the US solar cell manufacturing industry makes clear the biggest vulnerability facing the sector today.
Premium
October 14, 2025
Perovskite, tariffs, Section 232 and FEOC were among the key topics discussed at PV CellTech USA this year in San Francisco.
October 13, 2025
Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.
October 9, 2025
Chinese inverter and storage manufacturer Sungrow has revealed details of its planned flotation on the Hong Kong Stock Exchange.
October 8, 2025
US solar module prices jumped in Q3 2025 as developers scrambled to meet the 2 September 2025 safe harbour deadline for Investment Tax Credit (ITC) qualification, according to supply chain platform Anza.
Premium
October 6, 2025
Talon PV aims to be the first US company to safely manufacture TOPCon cells at scale, backed by European technology and a crucial First Solar licensing deal.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal