Daqo’s subsidiaries to supply high-purity polysilicon to a leading PV firm

Oct 25, 2022 EDT(CHINA)

Leading supplier of high-purity polysilicon Daqo New Energy announced that its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a six-year high-purity polysilicon supply agreement with a leading PV manufacturing company in China.

Under the agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide this company with 432,000 metric tons of high-purity mono-grade polysilicon from January 1, 2023 to December 31, 2028. Both parties will negotiate and confirm the actual prices monthly based on market conditions.

As per the company’s prediction, the demand for high-purity polysilicon is expected to increase at a robust rate, as their downstream customers are expanding their capacities very fast and want secure supplies of raw materials.

We expect that high-efficiency solar modules based on N-type technology will increase the market share very rapidly starting from next year. N-type technology requires even higher purity of polysilicon than the current P-type mono technology. We have confidence to benefit from this trend and differentiate us from our competitors by providing high-purity polysilicon to address the fast growing demand for N-type products.

—commented Longgen Zhang, chief executive officer of Daqo New Energy.

Founded in 2007, Daqo New Energy 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.