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the very first of them involving the release of 250 MW of solar panels. Power China's ambitions to enter the solar market in Iraq were introduced in 2021. The

China's solar sector, including major manufacturer Longi Green Energy Technology Co., is facing continued losses and oversupply for up to two years, according to analysts. Longi has stated that prices are unlikely to surpass costs in the near future, leading to industry-wide losses persisting due to oversupply.The deepening glut in China's solar industry is a result of production exceeding demand, with major firms like Longi reporting losses in the first quarter. Longi is focusing on new technology that is more efficient in converting solar energy into electricity, but it is not yet cost-competitive. Analysts caution against expecting a fundamental recovery in the sector, with Longi predicting only a slight price recovery in the next three months. Is China's solar industry facing prolonged losses and oversupply? The oversupply in China's solar industry is expected to persist for up to two years, leading to continued losses for major manufacturers like Longi Green Energy Technology Co. Longi has stated that prices are unlikely to surpass costs in the near future, further exacerbating the industry-wide losses. The production exceeding demand in the solar industry has resulted in a deepening glut, with major firms like Longi reporting losses in the first quarter. Longi is focusing on developing new technology that is more efficient in converting solar energy into electricity, but it is not yet cost-competitive. Analysts are cautioning against expecting a fundamental recovery in the sector, with Longi predicting only a slight price recovery in the next three months.

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.   On all key financial metrics, Daqo reported quarter-on-quarter declines.   The company reported second quarter 2019 revenue of US$66.0 million, compared to US$81.2 million in the first quarter of 2019, and US$63.0 million in the second quarter of 2018. Daqo said the decline in revenue was primarily due to lower polysilicon sales volume and lower ASP. Longgen Zhang, CEO of Daqo New Energy said, "The second quarter of 2019 was a challenging time for polysilicon industry as prices dropped to their lowest levels in history, particularly for multi-grade products. While prices for mono-grade products declined sequentially, they were relatively stable. We believe that polysilicon supply and demand will balance out and begin to improve when Chinese project developers begin to place orders by the end of the third quarter. Incremental demand from China is expected to gradually exceed the additional supply that is currently hitting the market. We believe polysilicon ASP will begin to improve in the third quarter of 2019 to a level that the majority of marginal high-cost players are able to break even on a cash-cost basis, which we estimate to be approximately US$10.5 to US$11/kg. Moreover, the pricing spread between mono-grade and multi-grade polysilicon products will likely remain significant, because output of mono-grade polysilicon still lags behind market demand and new capacities of mono wafer are still growing." As a result, gross profit in the reporting period was only US$8.6 million, compared to US$18.3 million in the first quarter of 2019 and $25.2 million in the second quarter of 2018. However, profits were also impacted by higher polysilicon production costs caused by undertaking annual maintenance, due to lack of demand in the second quarter rather than typically in the third quarter of the year as China demand used to peak in that quarter, due to downstream utility-scale FiT reductions in June. Weaker demand in China has been due to the major changes in PV support mechanisms in China that have only recently been ratified. Impacting profits had also been debottlenecking projects. The company reported a gross margin of 13.0%, compared to 22.6% in the first quarter of 2019 and 40.1% in the second quarter of 2018.  The loss from operations was US$0.4 million, compared to income from operations of US$9.2 million in the first quarter of 2019 and $18.0 million in the second quarter of 2018. The Company recorded an operating loss, compared to operating margin of 11.3% in the first quarter of 2019 and 28.6% in the second quarter of 2018. EBITDA from continuing operations was US$10.2 million, compared to US$20.0 million in the first quarter of 2019, while EBITDA margin was 15.5%, compared to 24.6% in the first quarter of 2019 and 43.6% in the second quarter of 2018. Daqo reported it had US$79.6 million in cash, cash equivalents and restricted cash, compared to US$113.7 million as of March 31, 2019 and US$172.5 million as of June 30, 2018. Polysilicon production volume in the second quarter of 2019 was 7,151MT, compared to 8,764MT in the prior quarter. Polysilicon sales volume in the reporting period were 7,130 MT in Q2 2019, compared to 8,450 MT in Q1 2019. Daqo said that average total production cost of polysilicon in the reporting period increased to US$8.12/kg, compared to $7.42 /kg in the previous quarter as a result of the maintenance and debottlenecking. Polysilicon average cash cost was US$6.65/kg in Q2 2019, compared to US$6.20/kg in Q1 2019. Polysilicon average selling price (ASP) was US$9.10/kg in Q2 2019, compared to US$9.55/kg in Q1 2019 Manufacturing update Daqo said that its newly debottlenecked production facilities would enable production volumes in the third quarter to be approximately 9,200MT to 9,500MT of polysilicon, with the total potential costs returning to normal levels of approximately US$7.60/kg.  The company noted that during the second quarter, approximately 80% of polysilicon was sold to monocrystalline customers and that the debottlenecking projects and annual maintenance, would further increase monocrystalline customer sales to account for approximately 85% of total sales in the third quarter of 2019. Upon the full ramp up, we expect that 90% of our total production volumes will be sold to mono customers, including 40% for the N-type mono wafer market. The company is also undergoing test with select potential customers for its ultra-high purity polysilicon for the N-type mono wafer market. This is being tied into its Phase 4A polysilicon expansion project, which is still expected to be completed by the end of 2019.  Upon the full ramp up, Daqo expected that 90% of total production volumes would be sold to mono customers, including 40% for the N-type mono wafer market. For the full year of 2019, Daqo reiterated that it expected to produce approximately 37,000MT to 40,000 MT of polysilicon. Combined with debottlenecking projects, the Phase 4A expansion would lead to a full annual nameplate capacity of 70,000MT by the end of the first quarter of 2020. However, due to the current market conditions for polysilicon and its balance sheet, plans for Phase 4B expansions were said to be too early to make at that time.  Guidance Daqo said it expected to produce approximately 9,200MT to 9,500 MT of polysilicon in the third quarter of 2019, with a total production cost of US$7.50/kg. External polysilicon sales would be approximately 9,000 to 9,300MT. "In early July this year, China's National Energy Administration released a list of 22.8 GW approved solar projects that secured government subsidies for 2019. Combining these approved subsidized projects, grid-parity projects, residential distributed-generation projects, top-runner projects and poverty alleviation PV projects, China is expected to install approximately 40GW to 45GW of new solar PV projects in 2019. During the first half of 2019, China has already installed 11.4GW, which means the installation volumes could triple in the second half of 2019.  Realistically, it will take some time to complete the preparation work for these recently approved subsidized solar projects, which includes detailed designs and rounds of procurement bidding and contract negotiations. All of these stages have to be completed before the actual modules can be shipped. All in all, we anticipate China's solar demand to pick up significantly starting from early September," added Zhang. For the full year of 2019, Daqo reiterated that it expected to produce approximately 37,000MT to 40,000 MT of polysilicon.

coronavirus (Covid-19) break out in China can have a months-long effect on the Australian solar field, with PV module accumulations most likely to be worn down

expects “a sharp decline” in Q3 shipments, primarily due to lower sales into China and less demand from other semiconductor markets. The softening in demand has

nuclear reactors were grid-connected last year: three in Russia, 2 in China and also one in South Korea. At the same time, five nuclear plants closed last

This has driven producers to broaden ability right into areas of western China where electricity prices can be as low as RMB 0.26/ kWh ($ 0.033/ kWh).

projects begin building smoothly in the third quarter. Steady speed China's solar industry endured relatively couple of impacts from the pandemic, with

by the Hong Kong department of Chinese state-owned electrical utility China Huaneng. The recommended sale would certainly produce an internet RMB1.08

China's Tianqi Lithium is encountering expense overruns and delays at its Kwinana refinery in Australia besides struggling to repay financial obligation. Tianqi's financial investment per lots of lithium hydroxide ($/ tLiOH) for Kwinana is 10 times greater than a comparable converter Ganfeng created in China. On December 8, Tianqi announced a $1.4 billion manage IGO Ltd. The bargain will certainly supply $200 million to finish Kwinana Phase I by 2022, 4 years behind schedule. Initially revealed in 2016, Phase I (24,000 t LiOH) was to set you back $299 million as well as compensation by 2018. In 2019, Tianqi increased financial investment to $525 million as well as postponed it to 2020. By August 2020, Tianqi had to put Phase I on hold. For contrast, Ganfeng's lithium hydroxide converters in China were much cheaper. Stage I of Mahong (20,000 t LiOH) was revealed in 2016 at $45 million (302 million yuan) and was appointed on schedule in 2018. Ganfeng then spent $72 million (500 million yuan) for Phase II (25,000 t LiOH), which was later raised to $113 million (766 million yuan) for 50,000 t LiOH.

575MW Ibri II plant is being created by Saudi firm ACWA Power, with POWERChina Huadong Engineering contracted as engineering, procurement and also building

compared to the IPO cost. On 23 June, Daqo finished its enrollment with the China Securities Regulatory Commission (CSRC) after submitting its application

includes 2 50MW batteries developed by Penso Power as well as moneyed by China Huaneng Group as well as CNIC Corporation. It recently safeguarded planning

grains. This work was supported by the National Secret R & D Program of China, the National Natural Science Foundation of China, as well as the West

wholesale prices for polysilicon reached around RMB249/kg (inclusive of China's 20% sales tax) this week, while wafer prices likewise edged