Daqo New Energy Corp., a leading manufacturer of high-purity polysilicon for the global solar PV industry, announced that its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with Shuangliang Silicon Materials (Baotou) Co.,Ltd., a subsidiary of Shuangliang Eco-Energy (SH:600481) (“Shuangliang”) to supply its fast growing solar wafer business.
Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide Shuangliang with a total amount of 150,300 MT high-purity mono-grade polysilicon from November 2022 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.
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Mr. Longgen Zhang, chief executive officer of Daqo New Energy, commented, “This five-year polysilicon supply agreement will strengthen our cooperation with Shuangliang, an outstanding solar wafer producer with very rapid capacity expansion plans. We expect that the demand for high-purity mono-grade polysilicon to remain strong, especially as the market gradually switches to the next generation of N-type technology. ”
Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world’s lowest-cost producers of high-purity polysilicon.
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