Daqo agrees five-year polysilicon provide with Chinese language photo voltaic maker

February 28 (Renewables Now) – Chinese language solar-grade polysilicon producer Daqo New Vitality Corp (NYSE:DQ) on Monday introduced a long-term provide contract with a Chinese language photo voltaic producer and mentioned its out there capability is totally booked for this yr.

Beneath the settlement, within the interval from January 2022 to December 2026, the corporate’s subsidiary Xinjiang Daqo New Vitality will provide a complete of 30,000 tonnes of high-purity mono-grade polysilicon to a “main photo voltaic manufacturing firm in China.” The events will negotiate precise quantity and costs month-to-month based mostly on market circumstances.

“With this contract and different present contracts, our out there capability of this yr has already been totally booked,” mentioned Daqo New Vitality chief govt Longgen Zhang.

As photo voltaic is anticipated to play an more and more vital position within the international vitality market, the corporate will stay centered on its core enterprise by accelerating its capability enlargement, the CEO added.

Daqo New Vitality at the moment has a nameplate polysilicon capability of 105,000 tonnes.

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