星期一, 16 6 月, 2025
Home PV News Europe JinkoSolar Secures $14.9 Billion Polysilicon Supply Deal

JinkoSolar Secures $14.9 Billion Polysilicon Supply Deal

Source:pv magazine

Critical materials like polysilicon became harder to source due to unmatched ramp up speed, which led to surging prices. Right now, every module maker is engaged in a battle to secure a steady supply of polysilicon. JinkoSolar is well ahead of others. On the beginning of September, JinkoSolar has signed a long-term deal worth about $14.9 billion with Tongwei to secure polysilicon supplies over the next four years, which is the biggest order of this kind in the industry’s history and the latest effort by this solar PV giant to secure its supplies of critical raw materials for cell and modules.
In the midst of rising fluctuations in supply of polysilicon, in addition to vertical integrated production from wafer to cell and module, JinkoSolar now possesses a more stable supply system compared to other solar module manufacturers. It will ensure JinkoSolar almost unaffected by the polysilicon shortages and other supply chain issues. Actually, JinkoSolar has been ready to go upstream to diversify sourcing all critical materials and components needed. Before all sorts of shortages started to annoy the industry, JinkoSolar is well aware that building solar modules at scale means going all the way to the vertical integration and polysilicone.
As the demand for N-type solar module surges, competition to secure polysilicon is intensifying, and the price of polysilicon is on the rise by dozens of times. As JinkoSolar skips the middle stage and secures record big long term supply chain, there are concerns that other manufacturers, who rely on a relatively small or unstable supply chain of polysilicon suppliers, may fall behind in manufacturing competitiveness.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Analysis: UK’s solar power surges 42% after sunniest spring on record

The UK’s solar farms and rooftops generated more electricity than ever before in the first five months of 2025, as the country enjoyed its...

Envision Energy Partners with SUN Terra to Build Full-Chain Energy Storage Ecosystem

Envision Energy, a global leader in green technology, announced a strategic partnership with SUN Terra, Indonesia's leading renewable energy company, to advance collaboration on energy storage...

BRICS Industrial Innovation Contest 2025 Energy Electronics Industry Track Tryout Officially Launches

On the afternoon of May 29, the press conference for the 2025 BRICS Industrial Innovation Contest Energy Electronics Industry Track Tryout (referred to as...

Aramco’s Renewable Energy Breakthrough: Flow Battery Powers Gas Production

Aramco has achieved a global milestone by commissioning a megawatt-scale renewable energy storage system, using an Iron-Vanadium (Fe/V) flow battery to power gas production...