Hanwha exits solar-grade polysilicon business

Facebook
Twitter
LinkedIn
Reddit
Email
South Korean polysilicon producer’s have been impacted by high-electricity prices compared to Chinese rivals and a massive expansion of high-purity capacity that has resulted in average selling prices dropping below US$10/kg, below polysilicon production costs in South Korea. Image: Hanwha Solutions

South Korean solar-grade polysilicon producer, Hanwha Solutions is to exit the business by the end of 2020, following OCI’s decision to shutter polysilicon plants in the country. 

South Korean polysilicon producer’s have been impacted by high-electricity prices compared to Chinese rivals and a massive expansion of high-purity capacity that has resulted in average selling prices dropping below US$10/kg, below polysilicon production costs in South Korea.

To end loss making, Hanwha Solutions is closing down polysilicon production of at least 15,000MT per annum. Hanwha Chemical originally started producing solar-grade polysilicon in 2013 to support its PV wafer, cell, module operations in China. 

PV Tech has also reported that larger rival, Wacker Chemie is to undergo major restructuring of its operations in light of major losses in its polysilicon division in 2019.

Read Next

August 10, 2022
Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.
PV Tech Premium
August 8, 2022
The price of polysilicon in China rose across the board last week, despite signals that it may have stabilised, constituting the 25th round of price increases this year alone.
August 4, 2022
Hanwha Solutions is reportedly considering expanding its investment into US solar production if the newly agreed upon Inflation Reduction Act (IRA) is passed.
August 3, 2022
Global investment in renewable energy reached a record half-year figure of US$226 billion in H1 2022, driven by soaring demand for clean energy technologies amid the ongoing energy and climate crisis, according to a BloombergNEF (BNEF) report.
PV Tech Premium
August 1, 2022
China’s polysilicon price finally stabilised this week, according to the Silicon Industry Branch of the China Nonferrous Metals Industry Association, following several long-term contracts being signed, helping to reduce market volatility in the short-term.
July 27, 2022
Solar wafer and cell prices have risen once again this week, with the price of polysilicon continuing to climb unabated.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event