LONGi Signs RMB 10.34 Billion Wafer Supply Deal

LONGi Secures 3.82 Million Units Mono Solar Wafer Supply Deal Worth RMB 10.34 Billion With Chinese Solar Cell Maker, Jiangsu Runyang Yueda
04:39 AM (Beijing Time) - 15. January 2020

With the start of the year 2020, the LONGi Group has signed on a 3.28 million unit wafer supply deal with Runergy. Pictured is the Wilkinson Solar Power Station in the US for which Invenergy used LONGi solar modules. (Photo Credit: LONGi Leye Photovoltaic Technology Co., Ltd.)

Key Takeaways

  • China’s LONGi has announced entering a wafer supply deal for RMB 10.34 billion with a Chinese solar cell maker
  • The agreement requires LONGi to supply its monocrystalline solar wafers to Runergy between 2020 and 2022
  • In all, it will complete the delivery of 3.82 million units of wafers under the transaction deal signed

Tier I PV technology company LONGi Green Energy Technology has secured a wafer supply contract worth RMB 10.34 billion ($1.5 billion) to ship 3.82 million units between January 1, 2020 and December 31, 2022. It will provide its wafer technology to Jiangsu Runyang Yueda Photovoltaic Technology Co or Runergy, a Jiangsu, China based solar cell maker.

Under the agreement, LONGi will supply its monocrystalline solar wafers to Runergy over the course of two years and the total estimated contract amount is based on the current average market price of P-type single crystal silicon wafers with thickness of 180 um. Referring to an average market price of RMB 3.06 per piece as specified by PV InfoLink on January 8, 2020, the two companies arrived at the total value of the contract.

Earlier this year, LONGi Green Energy announced its decision to build another 20 GW monocrystalline wafer production capacity in Chuxiong, China with an investment of RMB 2 billion (see LONGi To Add 20 GW More Wafer Capacity In Chuxiong).

Back in July 2019, LONGi entered into a wafer supply deal with Vietnamese solar cell maker Vina Solar for 254 million mono wafers to be completed by December 31, 2021 (see LONGi Bags Mono Wafer Supply Deal With Vina Solar).

In a separate news, LONGi said it has supplied its high efficiency monocrystalline modules for the 74 MW Wilkinson Solar Power Station in Beaufort County developed by Invenergy for Microsoft (see Invenergy To Build 74 MW Solar Plant For Microsoft).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani