US solar manufacturer CubicPV has signed a long-term supply agreement with South Korean-owned polysilicon producer OCIM to support its planned solar wafer manufacturing facility.
Xinjiang Daqo, the Chinese subsidiary of polysilicon manufacturer Daqo New Energy, has signed an investment agreement to build a new silicon-based facility in China.
“Cut-throat” competition in the polysilicon production industry in 2024 could push many Chinese producers out of business, according to analysis from industry research firm Bernreuter Research.
According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.
Nevados says the trackers can help developers and owner-operators qualify for bonus tax credits for domestic content under the Inflation Reduction Act (IRA).
