The company has formally terminated its originally planned 15GW ingot pulling and PV cell manufacturing project, redirecting its resources to the more promising lithium battery silicon-carbon anode material sector.
Australia's utility-scale solar sector must halve generation costs to around AU$25-30/MWh (US$18-22/MWh) to unlock a pipeline of projects capable of delivering the 10GW of annual capacity additions needed for decarbonisation, according to the Australian Renewable Energy Agency (ARENA).
Solex Energy has signed an MoU with the Government of Gujarat to establish a 5GW solar cell manufacturing facility alongside a 10GW energy storage plant in the state.
German polysilicon producer Wacker Chemie recorded declining sales and earnings from its polysilicon sector in Q1 2026, primarily due to poor performance in its solar-grade polysilicon business.