A Jinko Solar signed a polysilicon supply contract worth RMB 103,3 billion ($14,9 billion), just a few weeks after sign another worth RMB 102,1 billion ($14,7 billion) with Xinte Energy, which belongs to TBEA Group.
According to the company, the long-term purchase contract, valid from this month until December 31, 2026, was signed with a subsidiary of Tongwei, your leading supplier of polysilicon material, in which it established a good strategic partnership.
Just two weeks ago, on August 26th, the Jinko announced another major polysilicon purchase. From 2023 to 2030, the company and its subsidiaries will purchase 336.000 MT (metric tons) of polysilicon from Xinte Energy, with an estimated value of RMB 102,1 billion.
On September 10th, the manufacturer had also signed a major acquisition contract with Tongwei for approximately 382.800 TM of polysilicon products from the company's subsidiaries.
Polysilicon production in the world
According to data collected by the Canal Solar, Polysilicon production reached around 392.000 MT , that represent 144 GW, in the 1st half of this year worldwide.
For second half, production is expected to reach 482.000 MT, corresponding to 180 GW. In total, 324 GW of real supply of this material is estimated by the end of the year, 4 GW more than the forecast made at the beginning of 2022.
As regards the silicon ingot, were 424 GW of capacity in the last six months. The number is expected to reach 528 GW later this year, a 53% increase year over year.
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