JinkoSolar Holding announced a joint venture agreement with Tongwei to jointly invest in a high-purity crystalline silicon project.
The proposed crystalline silicon project will have an annual capacity of 45,000 metric tons. The silicon wafer project will have an annual production capacity of 15GW, JinkoSolar said.
JinkoSolar will own 35 percent stake in the 45,000 tons high-purity crystalline silicon project, while Tongwei will hold 30 percent equity stake in the 15GW silicon wafer project.
In addition, based on the previous procurement contract for 93,000 metric tons of polycrystalline silicon, JinkoSolar will supply Tongwei with a total of approximately 6.5GW of silicon wafer products for three years.