JinkoSolar strengthens its glass, crystalline silicon provide chain
JinkoSolar supported aspects of its supply chain last week. JinkoSolar Holding Co. has partnered with Tongwei Co., Ltd. signed a “strategic cooperation agreement” to jointly invest in a high purity crystalline silicon project with an annual capacity of 45,000 tons and a silicon wafer project with an annual production capacity of 15 GW. as well as develop broader industrial chain collaboration. They also signed a solar glass procurement contract with Flat Glass Group Co. for approximately 338 million square feet of rolled glass to support the production of 59 GW of JinkoSolar’s high efficiency solar modules for three years from 2021 to 2023.
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On the Tongwei Co. Deal … Under the agreement, JinkoSolar will own a 35% interest in the 45,000 ton high purity crystalline silicon project, while Tongwei will have a 30% interest in the 15 GW silicon wafer project. As part of the industrial chain cooperation, priority will be given to the joint venture’s production capacity and products for high-purity crystalline silicon in order to meet the joint venture company’s production requirements for silicon wafers. Wafer products manufactured as part of the jointly invested silicon wafer project are inexpensive and competitively priced.
Based on the previous procurement contract for 93,000 tons of polycrystalline silicon, JinkoSolar Tongwei will supply approximately 6.5 GW of silicon wafer products for three years.
“Tongwei has always been a key strategic partner for JinkoSolar,” said Kangping Chen, CEO of JinkoSolar. “Our company has a vertically integrated production capacity with cumulative module deliveries of more than 70 GW by the end of 2020. This strategic cooperation will benefit two companies from different segments of the solar industry chain and the sharing and integration of resources in the PV industry will strengthen the industry leadership and strengthen dominance of both parties and jointly create a win-win ecosystem for manufacturing. “