Daqo New Energy wins five-year polysilicon supply deal in China

• China's Daqo New Energy Corp (NYSE: DQ) stated on Monday that of its subsidiaries has actually received a five-year agreement to provide high-purity polysilicon to a leading solar producer in the nation.

The contract calls for Xinjiang Daqo to supply an overall of 148,800 tonnes of high-purity mono-grade polysilicon. Deliveries will certainly occur in between January 2023 and December 2027.

Daqo New Energy kept in mind that the real prices of the materials will certainly be bargained on a regular monthly basis according to the market problems

"As the general solar PV demand continues to grow fast and the solar cell modern technology is expected to swiftly change to the N-type innovation in the following a couple of years, our team believe that our best-in-class polysilicon product as well as boosting capacity will certainly allow us to considerably benefit from these patterns," claimed Longgen Zhang, CEO of Daqo New Energy.

The Chinese producer has a complete polysilicon nameplate manufacturing capacity of 105,000 tonnes per year. Last month, it introduced 2 manage large residential solar teams in China, among which is for the supply of 432,000 tonnes as well as the various other for 150,300 tonnes of mono-grade polysilicon, adhered to by an offer for 57,600 tonnes early in November.