Daqo seals long-term polysilicon supply take care of JA Solar
May 12, 2021 12:17 PM ET
- China's Daqo New Energy Corp (NYSE: DQ) revealed today the finalizing of a long-lasting polysilicon supply agreement with solar modules producer JA Solar Technology Co Ltd (SHE:002459).
Under the regards to the bargain between subsidiary Xinjiang Daqo New Energy as well as JA Solar, the latter will certainly obtain regarding 78,200 tonnes of mono-grade polysilicon in between July 2021 as well as December 2025.
The distributor kept in mind that actual volume as well as prices will certainly be worked out month-to-month based upon market conditions. JA Solar is to make a development payment to Daqo New Energy.
"With our Phase 4B project anticipated to find online in Q1 2022, we will certainly enter one more development phase as well as have the ability to give even more ultra-high pureness polysilicon to the market," said Longgen Zhang, CEO of Daqo New Energy.
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