Hanwha departures solar-grade polysilicon organisation

Feb 21, 2020 02:40 PM ET
  • South Korean solar-grade polysilicon manufacturer, Hanwha Solutions is to leave business by the end of 2020, adhering to OCI's choice to shutter polysilicon plants in the nation.
Hanwha departures solar-grade polysilicon organisation
Image: Hanwha Solutions

South Korean polysilicon manufacturer's have actually been affected by high-electricity rates contrasted to Chinese competitors and also a huge development of high-purity capability that has actually caused typical market price going down listed below US$ 10/kg, listed below polysilicon manufacturing expenses in South Korea.

To finish loss production, Hanwha Solutions is folding polysilicon manufacturing of at the very least 15,000 MT per year. Hanwha Chemical initially began generating solar-grade polysilicon in 2013 to sustain its PV wafer, cell, module procedures in China.

PV Tech has actually additionally reported that bigger competitor, Wacker Chemie is to go through significant restructuring of its procedures taking into account significant losses in its polysilicon department in 2019.

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