“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.
Chinese solar manufacturer GCL System Integration (GCL SI) has received approval from the Shenzhen Stock Exchange Listing Review Center to raise up to RMB4.8 billion (US$673 million).
Indian power company AmpIn Energy Transition has invested INR31 billion (US$371.7 million) to build renewables projects of more than 600MW and a solar cell and module manufacturing plant.
Chinese solar module manufacturer Hanersun will supply 400MW of its n-type modules to Brazilian solar investment platform Solfácil for its distributed generation operations.
As the industry leaves behind p-type technology, most module manufacturers have either chosen tunnel oxide passivated contact (TOPCon) or heterojunction to jump towards n-type modules, with some opting for back contact (BC) cells to transition towards the new technology.
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.