26.9 C
Berlin

Shuangliang to ramp up 20 GW wafer production capacity

Shuangliang Eco-Energy on Thursday announced its plan to issue up to RMB 2.6 billion (~USD 362.4 million) convertible corporate bonds to build a 20 GW mono wafer manufacturing facility. The facility is the second phase of a 40 GW project.

Shuangliang to ramp up 20 GW wafer production capacity
Source: Shuangliang Eco-Energy

As an energy saving solutions provider, Shuangliang has began investing big in wafer manufacturing since 2021. By the end of 2022, the company is expected to reach 40 GW production capacity for mono wafer.

Since October 2021, the company has signed wafer supply contracts worth a total of RMB 90.03 billion with Tongwei, Trina Solar, Aikosolar, Canadian Solar, Risen Energy, Chint, HuaSun and others.

To meet the market’s growing demand for wafer, Shuangliang has signed multiple polysilicon orders to secure the supply of the material.

On Thursday, the company made another announcement saying the company has signed polysilicon purchase contracts with Daqo New Energy. The contract states that from 2022-27, Daqo will supply a total of 155,300 MT of polysilicon to Shuangliang.

According to the latest price released by PV Infolink, the average transaction price of polysilicon is RMB 303,000/MT (inclusive of taxes). The value of the contract is estimated to be around RMB 47.06 billion.

The total polysilicon purchase contract value now adds up to approximately RMB 245.0 billion since last year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

Trina Solar announces 5 GW factory in Texas, sourcing polysilicon from US and Europe

Chinese module manufacturer Trina Solar has unveiled its plan to construct a 5 GW solar module manufacturing facility in Wilmer, Texas. The facility, encompassing...

Unprecedented demand drives solar wafer prices up

In a recent announcement on August 24th, the Silicon Industry Branch of the China Nonferrous Metals Industry Association disclosed the latest weekly prices for...

Trina Solar unveils 210mm solar wafer production in Vietnam

Trina Solar has expanded its global presence by initiating the production of 210mm mono silicon wafers in Vietnam. The commencement of production took place...
Join Our Newsletter

Latest Event

Solar Focus | Unlock Vast Solar Power Potential in Indonesia

On June 29, Solarbe will invite experts from S&P Global, JA Solar and other leading players in the Latin American market to discuss the current status and future outlook of the region's solar market.

Latest article

DMEGC Solar Powers Module Production Entirely with 100% Green Energy

Recently, the globally recognized testing and certification body TÜV SÜD granted DMEGC Solar a certification confirming 100% renewable energy consumption and verified greenhouse gas...

Huawei, Sungrow, Solis, Growatt, and GoodWe secure top spots in global inverter shipments in 2022

Global solar photovoltaic (PV) inverter shipments reached a record high in 2022, surpassing 330 gigawatts (GWac), according to a recent analysis by Wood Mackenzie....

LONGi ventures into HPBC Pro cell technology with 12 GW facility

LONGi Green Energy has unveiled plans to invest in its first-ever HPBC pro solar cell facility in Tongchuan, China. This decision reflects LONGi's commitment...

JA Solar set to reach 57 GW n-type cell production capacity by 2023

JA Solar revealed in a recent investor briefing that the company’s n-type solar cell production capacity is expected to reach 57 GW by the...