JinkoSolar to Buy Polycrystalline Silicon from Tongwei
JinkoSolar Holding Co Ltd and its subsidiary Sichuan Jinko have signed a long-term purchase agreement with second tier subsidiaries of Tongwei Co Ltd,
namely Sichuan Yongxiang Polysilicon Co Ltd, Sichuan Yongxiang New Energy Co Ltd, Inner Mongolia Tongwei High-purity Crystalline Silicon Company, and Yunnan Tongwei High-purity Crystalline Silicon Company. The raw materials procurement will ensure a stable supply of polycrystalline silicon in line with JinkoSolar's strategic and operational plans.
Under the agreement, JinkoSolar has locked in nearly 100,000 metric tons of polycrystalline silicon and both parties can negotiate additional purchases. The price for any additional order will be negotiated and determined based on market conditions at that time.