Major Chinese polysilicon producer Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022, whilst the dramatic drop in polysilicon prices slashed revenues from US$4.6 billion to US$2.3 billion over the same period.
Polysilicon imports to China have fallen to their lowest levels since 2011 as non-Chinese polysilicon producers have shipped greater volumes to Southeast Asia, according to a recent report from Bernreuter Research.
Thin-film solar manufacturing could add over US$10 billion in product value to the US economy by 2026, according to a study commissioned by US thin-film cadmium telluride (CdTe) solar manufacturer First Solar.