LONGi said the $540 million deal for 254 million wafer pieces will have prices determined on a monthly basis. (Photo Credit: LONGi Green Energy Technology Co., Ltd.)
- LONGi Green Energy has secured a long-term deal to supply mono wafers to a Vietnamese company
- Vina Solar will pay $540 million to buy 254 million pieces of mono wafer from LONGi
- Deal needs to be completed between July 1, 2019 and December 31, 2021
In Less Than A Month, LONGi Lowers Mono Wafer Product Prices Again By RMB 0.15/Piece; Local Media Counts This As 5th Price Reduction Since March 25, 2020
(28. May 2020)
LONGi Secures 3.82 Million Units Mono Solar Wafer Supply Deal Worth RMB 10.34 Billion With Chinese Solar Cell Maker, Jiangsu Runyang Yueda
(15. January 2020)
Chinese solar wafer manufacturer LONGi Green Energy will supply 254 million pieces of mono wafers to Vietnamese solar cell manufacturer Vina Solar for around $540 million. The actual price will be determined on a monthly basis.
The entire contract capacity is to be shipped between July 1, 2019 to December 31, 2021.
A year back, LONGi bagged a $600 million module supply contract with an unidentified American ground solar power plant developer for its high-efficiency single crystal modules (see LONGi Bags $600 Million Module Supply Contract).
In April 2019, LONGi announced plans to develop 15 GW of new ingot and wafer facility along with a 3 GW monocrystalline solar cell fab in China’s Yinchuan City (see LONGi Plans 18 GW New Capacity).
In another announcement made to Shanghai Stock Exchange, LONGi said during H1/2019, it expects to report 50% to 60% increase in net profit attributable to shareholders of listed companies amounting to RMB 1.961 billion to RMB 2.091 billion ($285 million to 304 million), as per preliminary unaudited assessment.