Longi signs fourth big polysilicon supply deal, this time with Xinte
Unimpressed by the current slump of demand, leading monocrystalline solar wafer manufacturer Longi has underpinned its rapid capacity expansion by signing a contract with Chinese manufacturer Xinte Energy for the delivery of 90,080 metric tons (MT) of polysilicon from January 2019 through December 2021.
It is the fourth major polysilicon supply contract that Longi has concluded since the beginning of this year. In early February the company struck a deal with South Korean polysilicon manufacturer OCI for the delivery of nearly 65,000 MT from March 2018 through February 2021. A 39,600 MT contract with Daqo New Energy followed in early April, with supply running from April 2018 through December 2020. In May Tongwei Group was contracted for the delivery of 55,000 MT of polysilicon between May 2018 and December 2020.
In total, the four contracts comprise a volume of more than 250,000 MT (see chart), which corresponds to an output of approx. 75 GW of monocrystalline wafers. Longi is planning to triple its wafer production capacity from 15 GW at the end of 2017 to 45 GW by the end of 2020.