(Yicai Global) Sept. 10 -- China's Longi Green Energy Technology, the world's largest maker of monocrystalline silicon wafers, has secured a large three-year contract to sell parts of solar panels to units of electrical products maker Chint Electric.

Longi and Shanghai-based Chint penned an agreement under which the former will provide three units of the latter with 660 million monocrystalline silicon wafers, the Xi'an-based seller said in a statement. The delivery period is from January 2020 to December 2022.

The deal will increase Longi's market share and guarantee stable sales, it added. The pair will decide on the pricing on a monthly basis but based on the current sales price, the deal could bring Longi CNY1.8 billion (USD255.7 million) in pre-tax income.

According to Longi's plan from the beginning of last year, its monocrystalline silicon wafer production capacity will rise by one-quarter over a year to reach 45 gigawatts by the end of next year. 

Editor: Emmi Laine