JinkoSolar, Tongwei sign lasting polysilicon deal worth 100,000 MT.

Nov 9, 2020 12:35 PM ET
  • Leading solar module manufacturer JinkoSolar has authorized a lasting purchase agreement with solar polysilicon and also cell company Tongwei, worth virtually 100,000 MT.
JinkoSolar, Tongwei sign lasting polysilicon deal worth 100,000 MT.
Image: Tongwei

The offer, formally authorized in between subsidiaries of JinkoSolar as well as Tongwei, has permitted Jinko to "secure" its polycrystalline silicon supply chain, with both celebrations able to discuss for extra acquisitions beyond that 100,000 MT figure.

Rates for added orders will be discussed based on market value at the time.

Kangping Chen, CEO at JinkoSolar, claimed calculated collaborations with basic material suppliers were "vital" for its company and to boost the company's one-upmanship in the marketplace.

" This is the very first lasting agreement with Tongwei for the steady supply of poly-Si, a win-win circumstance that will certainly no doubt cause other advantages for both parties as well as more promote the growth of renewable energy," he included.

Supply chain certainty has actually ended up being a vital topic in recent months, with supplies of both polysilicon and also glass ending up being constrained.

Polysilicon price spikes in August as well as September were intensified by events at facilities owned by GCL-Poly and also Tongwei, however broader issues of supply and also need-- with module manufacturers consisting of JinkoSolar bringing much more cell production in-house-- have actually resulted in concerns over schedule and prices.

While several of those worries bordering polysilicon specifically have alleviated, and also Tongwei did certainly bring its flood-affected centers back on stream quicker than anticipated, worries have currently surrounded the availability of solar-grade glass. Recently a letter co-signed by major solar module suppliers in China stated the rate of glass was "uncontrollable" as need outstripped supply.

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