Daqo New Energy Signs 5-Yr High-Purity Polysilicon Supply Agreement with Solar Manufacturer in China

Daqo New Energy Corp. announced that its subsidiary Xinjiang Daqo New Energy has signed a long-term high-purity polysilicon supply agreement with a leading solar manufacturing company in China.

Under the supply agreement, Xinjiang Daqo will provide high-purity mono-grade polysilicon to a leading solar manufacturing company in a total amount of approximately 30,000 MT between January 2022 and December 2026.

Actual volume and prices will be negotiated monthly by both parties according to market conditions.

Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, "We are very pleased to sign the long-term high-purity polysilicon supply contract with this leading solar manufacturing company. With this contract and other existing contracts, our available capacity of this year has already been fully booked. We believe solar PV will play an increasingly important role in the global energy market as we are entering into the era of grid-parity and as the levelized cost of solar PV is being continuously reduced. As always, we will focus on our core business by accelerating our capacity expansion and providing high quality products to contribute our effort to the fast-growing solar PV market."