Daqo New Energy Signs Long-Term High-Purity Polysilicon Supply Pact with Trina Solar

As per the deal, the company will provide Trina with 30,000 MT ~ 37,600 MT of high-purity mono-grade polysilicon between November 2020 and December 2023.

December 01, 2020. By Manu Tayal

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High-purity polysilicon manufacturer Daqo New Energy Corp. has signed a long-term high-purity polysilicon supply agreement with solar module manufacturer Trina Solar.

As per the deal, the company will provide Trina with 30,000 MT ~ 37,600 MT of high-purity mono-grade polysilicon between November 2020 and December 2023.

The company further said that, the actual prices will be negotiated by both parties monthly according to market conditions. As part of the supply agreement, Trina will make an advance payment to Daqo New Energy.

Commenting on the deal, Jifan Gao, Chairman of Trina Solar, said, “as a global leading solar PV solution provider, we are always committed to innovation and quality improvement. We are pleased to enter into a long-term partnership with Daqo New Energy. This will help us better execute our strategy, which is to provide advanced solar PV products and solutions with higher efficiency so as to address fast growing demand in solar PV market, drive grid parity and benefit society through green energy.”

“We are very pleased to deepen our cooperation with Trina Solar with this three-year polysilicon supply agreement. We will continue to provide first-class polysilicon products to our customers and work with them to facilitate innovation, improve conversion efficiency, reduce levelized cost and achieve grid-parity for solar PV energy,” said Longgen Zhang, Chief Executive Officer of Daqo New Energy.

The 2007-founded Daqo New Energy Corp. is one of the world’s lowest cost producers of high-purity polysilicon. It’s highly-efficient and technically advanced manufacturing facility currently has a nameplate annual polysilicon production capacity of 70,000 metric tons.

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