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ChemPriceHub Alert: JA Solar Secures Exclusive Supply Contract for 410MW Photovoltaic Project in South Korea
Published on 2026-01-06
Recently, JA Solar signed an exclusive supply agreement for the largest ground-mounted power plant project in South Korea, the "Haenam Bukil Solar Power Project," with a capacity of 410MW. It is reported that this photovoltaic project is a key initiative of the South Korean government to advance its carbon neutrality strategy. It comprises eight sub-projects distributed across Bukil-myeon, Haenam-gun, and Sincheon-myeon, Gangjin-gun, with a total capacity of 410MW. All projects will utilize JA Solar's latest flagship module product, DeepBlue 5.0. PriceSeek Analysis on Polysilicon, Bull-Bear Score: 1 This project, with a capacity of 410MW, is a key initiative of the South Korean government's carbon neutrality strategy. It is expected to significantly increase the demand for photovoltaic modules, thereby boosting the consumption of polysilicon spot and supporting spot prices. Combined with polysilicon futures market data, such as the closing price of the main contract 2609 at 59,250 yuan/ton, an increase of 1,100 yuan from the previous day, indicating that the market is already in an upward trend. This news may strengthen bullish sentiment in the futures market, driving prices further upward. Scoring Rationale: Increased demand is favorable for prices, but the project scale is relatively small compared to the global market, hence rated as a moderate positive.