REC Silicon

US solar manufacturer CubicPV abandons plans for 10GW solar wafer facility due to collapsing prices and high costs. Focus shifts to module development and partnership with Waaree Energies. Meyer Burger and REC Silicon also face challenges in Europe and US.

REC Silicon, a leading Norwegian polysilicon producer, will halt production at its Butte plant in Montana due to electricity supply and demand issues. The company will focus on its silicon gases business instead.

REC Silicon ASA (OSE: REC) has actually entered into a memorandum of understanding (MOU) with Mississippi Silicon LLC as the primary step in negotiating a raw material supply deal that will support the establishment of a low-carbon as well as fully-traceable solar supply chain in the United States.

REC Silicon is progressing with efforts to restart procedures at its Moses Lake polysilicon production center in the United States, a step the firm claimed is underpinned by the passage of the country's Inflation Reduction Act (IRA).

REC Silicon will certainly bargain a raw material supply contract with silicon metal carrier Ferroglobe as part of a new cooperation in between the firms focused on building a US-based solar supply chain.

Aker Horizons ASA (OSE: AKH) announced on Wednesday it has actually agreed to take care of its continuing to be shares in Norway-based polysilicon and silicon gas producer REC Silicon ASA to South Korea's Hanwha Group.

Hanwha Solutions Corporation has accepted buy a 16.67% risk in Norwegian polysilicon manufacturer REC Silicon in a deal worth around US$ 160 million, with the South Korean chemical company looking to resume REC Silicon's 20,000 MT polysilicon factory in the United States.

REC Silicon said it is remaining to work towards a restart of procedures at its Moses Lake polysilicon manufacturing facility in the United States, with the firm buoyed by current plan campaigns introduced by US President Joe Biden.

European polysilicon service provider REC Silicon has pinned hopes on strategies to create an ultra-low carbon solar PV value chain amidst a reinforcing polysilicon market, stating it is positive that it will certainly reactivate production at its Moses Lake facility.

US-based high-efficiency n-type monocrystalline Interdigitated Back Contact (IBC) PV manufacturing startup Violet Power has insisted its plans to develop manufacturing capability in the US continue to be on track despite the collapse of its calculated partnership with REC Silicon.

Polysilicon manufacturer REC Silicon has actually remarkably terminated it provide chain partnership with United States PV production startup Violet Power, declaring it would certainly best serve its investors by focusing on collaborating with "established, tried and tested, active as well as appropriate solar supply chain companions".

Newly revealed Washington-based solar cell and also panel production venture Violet Power will certainly now have a residential silicon distributor with nextdoor REC Silicon. REC's Moses Lake silicon production facility has actually been out of compensation considering that 2018, yet with Violet Power establishing nearby as well as intending on 1 GW of manufacturing outcome, REC now had a considerable domestic purchaser.

Coming out of stealth-mode, US-based integrated PV panel production startup, Violet Power intends to interfere with the PV industry with internal manufacturing of high-efficiency IBC (Interdigitated Back Contact) solar cells. The company will certainly use cell-to-module 'flex circuit' as well as thermal plastic encapsulant innovation in a glass/glass setup that will have a solar panel guarantee of 50 years, greater than three times the standard in the market, today.

The Norwegian firm mothballed its Washington State facility greater than a year ago as well as is currently reliant on semiconductor-grade poly as well as silane gas generated at its fab in Butte, Montana-- a center for which business claims it has received plenty of interest from possible buyers.

The easing of economic tensions between the US and China is set to throw a lifeline to the solar industry, bringing some respite to the sector after years of back-and-forth trade tariffs and levies.