¥14.227 Billion Yuan Plus 324 Million Yuan! Shuangliang Wins Silicon Wafer and Reduction Furnace Orders

PVTIME – On May 9, Shuangliang Eco-Energy Systems Co.,Ltd (600481.SH) announced that Shuangliang Silicon Materials (Baotou) Co., LTD. (Shuangliang Silicon Material), its wholly-owned subsidiary, and Risen New Energy (Anhui) Co., LTD.(Risen Anhui), a wholly-owned subsidiary of Risen Energy Co., LTD., signed a Purchase Agreement on monocrystalline silicon wafers with an estimated amount of 14.222 billion yuan.

According to the agreement, Risen Anhui intends to purchase a total of 1.572 billion pieces of silicon wafers from Shuangliang Silicon Material in the duration of May 2022 to 2024.  It is planned that 72 million pieces of silicon wafers will be purchased in 2022, 600 million pieces of that in 2023 and 900 million pieces in 2024.

On the same day, another Purchase Agreement signed by Hualu Engineering & Technology Co., Ltd. (Hualu), a subsidiary of China National Chemical Engineering Co., Ltd., and Jiangsu Shuangliang New Energy Equipment Co.,Ltd., a holding subsidiary of Shuangliang Eco-Energy Systems, was disclosed. Jiangsu Shuangliang will provide Hualu multi-pair rod polysilicon reduction furnaces with a contract value of 324 million yuan.

Shuangliang stated that it will continue to do R&D and innovation work in renewable energy industry to fulfill its ambition as an excellent clean energy solution provider.