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 OCI’s 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 OCI’s ability to supply polysilicon for high-efficiency monocrystalline wafers was recognized due to a recent increase in demand for high-efficiency solar cells in China’s 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 world’s No. 1 solar module manufacturer.
Source: oci.co.kr
