Wuxi Shangji adds to polysilicon supply with 52,700MT Daqo deal

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
One of Daqo New Energy’s existing polysilicon facilities. Image: Daqo New Energy.

Daqo New Energy has signed another high-purity polysilicon supply deal, this time expanding on its partnership with equipment and mono wafer provider Wuxi Shangji Automation (Shangji).

The deal will see Daqo provide Shangji with 52,700MT of high-purity mono-grade polysilicon over a three-year term, starting this July.

As is customary with deals of this kind, actual price will be negotiated on a monthly basis by both parties taking into account market conditions at the time, with Shangji making an advance payment to Daqo.

The deal is to secure Shangji’s immediate access to high-purity polysilicon and comes less than a week after the wafer manufacturer penned a major collaboration agreement with GCL-Poly to develop a 300,000MT polysilicon factory in Inner Mongolia.

That project, which will require a total investment of US$2.78 billion, with Shangji taking on a 35% stake, would become the world’s largest on completion but is to be developed in phases, the first of which will have a capacity of 60,000MT.

“We are very pleased to further strengthen our strategic partnership with Daqo New Energy through this second long-term polysilicon contract between us. We will continue to expand our mono-wafer capacity with advanced technology to better serve the fast-growing solar PV market,” Jianliang Yang, chairman at Wuxi Shangji Automation, said.

The deal also comes amidst a raft of activity in polysilicon supply, with providers announcing a slew of supply contracts and expansion plans as demand for the material from upstream solar players continues to rise.

Earlier this week Daqo announced it had signed a similarly-termed deal with wafer producer Zhonghuan Semiconductor for 41,000MT.

Read Next

PV Tech Premium
May 19, 2022
PV Tech speaks to Qcells CEO Justin Lee about the manufacturer's recent solar manufacturing capacity expansion, its use of TOPCon as a 'stepping stone' to future cell technologies and its new clean energy strategy.
May 4, 2022
Following the launch of its heterojunction module series in April, Carrie Xiao speaks to Risen Energy to get the inside track on the manufacturer’s technology approach and manufacturing plans as it backs HJT to deliver n-type efficiencies on a PERC budget
May 3, 2022
Solar polysilicon, wafer and cell prices have all risen once again in the past week as demand continued to outstrip supply, with COVID-19 lockdowns in China continuing to disrupt the value chain.
May 3, 2022
Polysilicon producer Daqo New Energy has received approval from the Shanghai Stock Exchange for a private offering on China’s A-share market to support its capacity expansion.
May 3, 2022
A bipartisan group of US senators has waded into the contentious anti-dumping circumvention investigation, strongly urging the Biden administration to expedite the review.
PV Tech Premium
May 3, 2022
Last week saw yet another price increase from some of the solar industry’s largest manufacturers, continuing a trend that has placed some of the sector’s largest providers under heightened margin pressure and PV project developers the world over under strain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA