Shuangliang Energy has placed a large order for polysilicon material worth over 56 billion yuan with Tongwei Co., Ltd.!
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Last Friday, there were consecutive reports of large-scale orders for Tongwei Shares: A subsidiary of Shuangliang Energy Saving signed polysilicon procurement agreements with four subsidiaries of Tongwei Shares, planning to purchase approximately 222,500 tons of polysilicon material between 2022 and 2026, with an estimated procurement value of 56 billion yuan. Tongwei Co., Ltd. also announced that during the period 2022–2027, Meko Silicon Energy plans to purchase 256,100 tons of polycrystalline silicon products from the company, with total sales expected to amount to 64.41 billion yuan. In fact, these are the fourth and fifth long-term supply contracts that Tongwei Co., Ltd. has secured this year. “With these five factors coming together, the company’s expected sales from long-term orders this year have already exceeded 250 billion yuan.
Tongwei Co., Ltd. also announced that during the period 2022–2027, Meko Silicon Energy plans to purchase 256,100 tons of polycrystalline silicon products from the company, with total sales expected to amount to 64.41 billion yuan. In fact, these are the fourth and fifth long-term supply contracts that Tongwei Co., Ltd. has secured this year. “With these five factors coming together, the company’s expected sales from long-term orders this year have already exceeded 250 billion yuan.
It’s a bet that the price of polysilicon won’t drop – with such a long-term contract, will the price of solar panels remain at this level?
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On the evening of September 22, 2021, Shuangliang Energy released a announcement regarding a major procurement contract. Its wholly-owned subsidiary, Shuangliang Silicon Materials Company, entered into a Strategic Cooperation and Purchase Agreement with Xinte Energy Company. Under this agreement, Shuangliang Silicon Materials Company will purchase 82,200 tons of crude polysilicon from Xinte Energy Company between January 2022 and December 2026. Based on the average price of compact materials recently published by the Silicon Industry Association (on September 22, 2021), the estimated purchase amount is around 17.468 billion yuan (including taxes; this calculated price does not constitute a price commitment). The two parties agreed that the actual purchase price would be determined through monthly negotiations.
On the morning of July 1st, accompanied by the majestic national anthem and under the bright rays of the rising sun, a Five-Star Red Flag was raised in front of the newly completed office building complex of Shuangliang Silicon Materials (Baotou) Co., Ltd. This event marked Shuangliang’s celebration of the 101st anniversary of the founding of the People’s Republic of China, as well as the completion of the 20GW production capacity of Phase 1 of its 40GW monocrystalline silicon project. The Shuangliang monocrystalline silicon project took 206 days from the official signing, commencement of construction, to mass production – achieving signing, construction, and commissioning in the same year, with benefits generated right away, thus creating the impressive \"Shuangliang Speed\".