‘Mono will supply 80% of the world’s solar by 2021’
Polysilicon manufacturer Daqo has announced the start of pilot production in Xinjiang and expects to ramp up to full output by the end of the year, doubling the company’s annual capacity to 70,000 MT. Some 90% of its poly will be mono by that stage and Daqo expects 40% to be suitable for n-type products next year.
Sep 18, 2019 // Manufacturing News, China, polysilicon, Asia, Longgen Zhang, Daqo, Eric Luo
GCL-Poly generates another $349m towards paying down debt
The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.
Sep 9, 2019 // Manufacturing News, Markets & Finance News, polysilicon, Jiangsu Zhongneng Polysilicon Technology Development Co Ltd, GCL-Poly, Xinjiang GCL New Energy Technology Technology, Energy Holdings Ltd, Hua Neng Group Hong Kong Ltd
Canada extends trade measures against Chinese metal silicon
With the anti-dumping and countervailing duties imposed in November 2013 set to expire nine months ago, the Canadian International Trade Tribunal has extended them for another five years, ruling their expiry would harm the nation’s only domestic manufacturer.
Aug 27, 2019 // Manufacturing News, Canada, China, polysilicon, Asia, North America, metal silicon, Quebec Silicon Limited Partnership, Canadian International Trade Tribunal, QSIP Canada ULC, Wacker Chemie AG, Pedro Larrea
Polysilicon prices to rebound in September
Average spot polysilicon price has crossed below the $8/kg threshold for the first time, according to PVInsights. Market analyst Johannes Bernreuter said, however, that the industry should not read too much into $8/kg as a historical threshold and that prices may rise again in September, driven by strong demand in the Chinese market.
Aug 21, 2019 // Solar, polysilicon, price, Johannes Bernreuter, OCI
China Power’s Hong Kong business on track for return to China
The High Court has approved plans for the Chinese state-owned power company to reassume control of its Hong Kong-listed solar project development business.
Aug 16, 2019 // Manufacturing News, Solar, China, Hong Kong, polysilicon, High Court, China Power Clean Energy Development Co Ltd, GCL-Poly Energy Holdings Ltd, Jiangsu Zhongneng Polysilicon Technology Development Co Ltd
Daqo’s polysilicon business takes a dive in Q2
China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.
Aug 16, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Longgen Zhang, n-type mono, Daqo New Energy Corp, monocrystalline wafer
Daqo prepares for flood of new PV orders in China
The polysilicon manufacturer took a step back in the last quarter to take two steps forward in the next, bringing forward annual maintenance operations at its main production facility to prepare for a solar gold rush expected to start next month.
Aug 14, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Longgen Zhang, Daqo, mono wafers
GCL-Poly posts $141m loss in H1
The Chinese PV group recorded a loss attributable to owners of the company of roughly $141.1 million, as its solar materials division posted a loss of approximately $185.5 million.
Aug 13, 2019 // Manufacturing News, Markets & Finance News, USA, China, polysilicon, GCL-Poly Energy Holdings, Zhu Gongshan, wafers
Daqo signs 112,800 MT polysilicon supply deal with Longi
Daqo New Energy has agreed to supply 112,800 MT of polysilicon to Longi Green Energy Technology. The two parties did not disclose the financial terms of the three-year deal.
Aug 9, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Daqo New Energy, Longi Green Energy Technology, Longgen Zhang
Xinte Energy profits in 1H 2019 to be significantly impacted by polysilicon price declines
Major China-based polysilicon producer, Xinte Energy has signalled a significant decline in expected profits for the first half of 2019, due to polysilicon ASPs declining 43% from the prior year period.
Aug 6, 2019 // Manufacturing News, Markets & Finance News, China, CPIA, SMSL, xinte energy, polysilicon, c-si manufacturing, wacker chemie, ASPs, JinkoSolar, JYT, Asia