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).
Everything seems to be pointing to the solar PV manufacturing sector going into a downturn in 2024, with loss-making potentially rife across much of the upstream sector.
In October, Turkish energy minister Alparslan Bayraktar said Turkey will need to install 5GW of solar and wind capacity every year until 2035, as renewables have great potential to meet the 2035 target of ‘supplying reliable and affordable energy in an environmentally friendly manner’.
