Xinte Energy secures 152,400 MT polysilicon supply contract

• Significant China-based polysilicon manufacturer Xinte Energy has protected a significant polysilicon supply contract with a new entity, Qinghai Gaojing Solar Energy Technology Co, that was said to be a 3rd party independent from Xinte Energy.

Xinte Energy will supply Qinghai Gaojing Solar Energy Technology Co with a total amount of 152,400 MT of polysilicon from July 2021 to December 2025. In common fashion, costs would be worked out on a regular monthly basis.

The polysilicon producer kept in mind that the agreement could generate profits of approximately RMB16.9 billion (US$ 2.6 billion) over the four-and-a-half-year arrangement.

Xinte Energy did not give any information behind the business procedures of Qinghai Gaojing when it revealed the significant supply bargain, nonetheless the business is validated to be had by Zhiqun Xu.

In late 2020, significant 'Solar Module Super Organization' (SMSL) member JinkoSolar announced the resignation of its chief operating police officer Zhiqun Xu, however it has actually not been cleared up if the Zhiqun Xu from Qinghai Gaojing is the same person.