GCL Technology Holdings Ltd. (GCL Tech, HK：03800), an investment holding company principally engaged in the manufacture and sale of solar materials, recently announced that one of its wholly-owned subsidiaries, Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd. (Zhongneng Polysilicon), a China-based high-purity polysilicon producer, has signed a long-term purchase and sales agreement with PV giant LONGi for a large amount of polysilicon material.

According to the announcement, Zhongneng Polysilicon or its affiliates will supply a total of 425,000 MT of polysilicon or granular silicon to LONGi or its affiliates from now until the end of 2026.

In 2024, 125,000 MT of polysilicon or granular silicon will be supplied to LONGi, followed by 150,000 MT in 2025 and 150,000 MT in 2026.  

A fluctuation of 10% of the planned purchase, to be determined by LONGi, will be allowed and monthly orders will be placed by LONGi and its affiliates based on their respective needs. The prices of the orders will be negotiated between the two parties according to market conditions.

（Picture: Veer）