Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings said it had started commercial production for the first time of monocrystalline wafers in the first quarter of 2016.
GCL-Poly, which reached a nameplate capacity of 15GW of multicrystalline wafer production in the first quarter of 2016 and could reach around 17GW by the end of the year, has plans to reach an initial 1GW of monocrystalline production.
The company also reported wafer production volume for the first quarter of 2016 was approximately 4,227MW, an increase of approximately 21.5% compared with 3,478MW over the first quarter of 2015.
Wafer sales were 4,443 MW in the first quarter, up 44.6% compared with 3,072 MW over the first quarter of 2015. GCL-Poly noted that wafer ASP’s were US$0.19/W in the quarter, compared to US$0.20/W in prior year period.
GCL-Poly also reported polysilicon production volume for the first quarter of 2016 was approximately 18,250 MT, representing an increase of approximately 2.5% compared with 17,800 MT over the first quarter of 2015, while external polysilicon sales totalled around 3,348MT in the quarter, 16.8% higher than the prior year period.
Polysilicon ASP’s (exclusive of tax) in the quarter stood at US$13.96/kg, down from US$19.14/kg in the prior year period.