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TITLE [Press Release] OCI signs USD 1,000 Billion Long-Term Polysilicon Supply Contract with Longi Solar. DATE 2018.02.07
ATTACH polysilicon.jpg

OCI signs USD 1,000 Billion Long-Term Polysilicon Supply Contract with Longi Solar. 

 

On February 5, OCI announced that it would supply USD 1,022,526,000 (KRW 1.1 trillion) worth of polysilicon to Longi Solar in China for 3 years until 2021. The amount is equivalent to 40% of OCIs 2017 annual sales.

 

Longi Solar is a world-class manufacturing company high-efficiency monocrystalline solar cells and modules and has a production capacity of 15GW of mono ingots/wafers as of 2017. It plans to expand to 28GW and 45GW by 2018 and 2020, respectively.

 

The contract is noteworthy as it is the largest long-term supply contract that has been made since 2011. In addition, the contract was concluded as OCIs ability to supply polysilicon for high-efficiency monocrystalline wafers was recognized due to a recent increase in demand for high-efficiency solar cells in Chinas solar PV market. With this contract, OCI has secured a stable purchaser of polysilicon from its Gunsan plant (52,000 t/yr) and Malaysia plant (20,000 t/yr).

 

On January 3, OCI also won a contract worth KRW 357.2 billion to supply polysilicon to Jinko Solar, a Chinese PV company and the worlds No. 1 solar module manufacturer.

 

 

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