PV Crystalox escapes pricing problems for now

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Business conditions at UK-based integrated solar wafer producer, PV Crystalox Solar look reasonably good after reporting first-half sales of €121.6 million (H1 2008: €126.3 million), on wafer shipments of 100MW, down slightly from 110MW in the same period a year ago. The company guided shipments of between 210MW and 230MW for the year, down from last year’s guidance of 275MW.

PV Crystalox was able to maintain wafer ASP’s despite the global collapse in polysilicon prices and the knock-on affect on wafer prices due to its customer base (85%), which is focused on major PV manufacturers in Japan, Germany and China.

“We are pleased to have delivered this resilient performance in a very challenging market with global module installations down 20 – 30%, noted Dr Iain Dorrity, Chief Executive Officer, PV Crystalox Solar. “Despite the current pricing pressure, the expected volume deliveries, yield and cost efficiencies give us confidence that we will produce another robust performance in the second half.”

However, the company noted that it was experiencing strong price competition on weak overall demand in the market, which had forced the company to lower contract prices in recent months. PV Crystalox warned that ASP’s would be significantly lower than those seen in the first-half due to the continued pricing pressure. 

Key counters to diminishing returns for the wafer producer include continued emphasis on production cost reductions and a new emphasis on improving ingot/wafer yields. The company should also benefit from an increase in multi-crystalline ingot production capacity to 350 MW, which came on-stream in the first-half of the year.
However, the key defensive move would seem to be coming from its polysilicon production plant in Bitterfeld, Germany. The company said that polysilicon production commenced in July, 2009 with an output of 2MT in the same month.

PV Crystalox expects to ramp up production to 200MT this year and continues to guide for 1800MT in 2011. At this production level, the company claims that the internal cost of polysilicon would be less than the level it currently purchases from polysilicon suppliers.

The challenge will be to manage the polysilicon price declines through the rest of 2009 and 2010, should market analyst’s projections of prices declining to the US$40 per kg levels be correct.



28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.
19 October 2021
This year’s EV World Congress will hold a special role, not only as the first live EverythingEV event in over a year – a chance to renew your connections and re-engage with the EV sector face to face – but also as a chance to share insight and inspiration as world starts to look towards move on post COVID towards hitting ambitious decarbonisation goals in 2030 and beyond. As ever, we will be bringing world leading organisations, cities, and technology providers to the UK to inspire EV innovators, and delve into the challenges facing the sector as the UK looks to revolutionise road transport.
20 October 2021
Utility-scale solar is evolving, shaped by higher power modules and demand for increasingly lower levelised cost of electricity (LCOE). Those trends are also changing project requirements elsewhere, with inverters capable of delivering high power density and power capacity in strong demand. In this webinar, FIMER will detail how its innovative high-power, multi-MPPT string inverter and modular conversion solution can both meet those demands and transform the utility-scale solar sector for the better.

Read Next

September 24, 2021
Independent power producer Catalyze has acquired commercial and industrial (C&I) solar developer Sol Alliance, expanding its presence in the northeast of the US and taking on an 80MW project development pipeline in the process.
September 24, 2021
California Governor Gavin Newsom has signed a US$15 billion package to fund programmes to tackle drought and climate change in the state
PV Tech Premium
September 24, 2021
Concerns have been raised that new measures introduced by Spain’s government to limit windfall profits of renewable energy plants could dent investor confidence and impact the stability of the country’s solar sector.
September 24, 2021
DNV-owned solar monitoring firm GreenPowerMonitor is to integrate Alteso’s solar analytics tech platform into its offering after striking a deal to acquire it.
September 23, 2021
A project that bids to combine up to 20GW of solar PV with the world’s largest energy storage battery and a 4,200km-long subsea power cable has moved a step forward after Indonesian authorities greenlit its proposed transmission cable route.
September 23, 2021
US national residential and C&I solar plant performance assessment company Omnidian has completed a US$33 million Series B raise.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021